The Australian government has awarded $95 million in funding to Holden
to develop more fuel efficient
vehicles. Ford received $47 million to improve fuel economy
of its Territory SUV, while Holden received $48.3 million for power-train development, fuel economy and alternate fuels
, human machine interface development and a global smart architecture and design process. The funding is expected to help both local products and help vehicles in the parent companies' global portfolios. Smaller projects were granted to Toyota
. These grants are part of the Australian Government's $4.2 billion assistance package for the automotive industry, encouraging local producers to invest in research and development technologies for local and export markets. Maybe U.S. leadership could learn a thing or two about spending money wisely from the folks down under.