Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

This is a huge win for the parts makers, not just in the Geelong region and not just in Victoria. Producing this engine will require inputs from around the country. The decision to keep the plant open is expected to secure 900 jobs in the components sector over and above the 400 jobs directly through the Ford plant itself. The health of the sector is critical to the health of the industry as a whole.

The government’s new car plan includes specific measures to help component companies restructure to expand their capabilities and access new markets. Of the Automotive Transformation Scheme capped funding, $1.125 billion is earmarked for the supply chain. We are determined to strengthen and revitalise the automotive components sector. This decision is a vital first step. (Time expired)