Month of gains, floats and au­to­mo­biles

Herald Sun - Motoring - - Paul Gover -

MOTORING has been manic for the past month. We have seen and done ev­ery­thing, from new- car launches in Aus­tralia and Europe to sales re­sults at home, job losses at lo­cal plants, green-car plans from Toy­ota and Honda and even Mini, and now the Bathurst 1000.

The new 7 Se­ries BMW and Porsche’s 911 Targa are great, the Re­nault Koleos prom­ises big things for the French brands, and the Paris Show (left) threw up ev­ery­thing from a new Audi city car to a Volk­swa­gen work­horse with full leather in­te­rior.

But the mo­tor in­dus­try is not im­mune to the fi­nan­cial cri­sis.

Sales in Bri­tain were down more than 20 per cent last month and the Big Three in the US — Gen­eral Motors, Ford and Chrysler — have been given a $25 bil- lion life­line in long-term, low­in­ter­est gov­ern­ment loans.

The Aus­tralian dol­lar has taken a huge hit, which must af­fect the price of im­ported cars.

What does it all mean? No one knows yet, but peo­ple still want cars.

Syd­neysiders will still flock to the mo­tor show this week, and Bathurst on Sun­day prom­ises to be a cracker.

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