Sydney - Australia's three foreign-owned carmakers will receive subsidies worth 6.2 billion Australian dollars (4.3 billion US dollars) over the next 13 years, Prime Minister Kevin Rudd said Monday.
Around 20 per cent of the cash going to Toyota Motor Corp, GM Holden Ltd and the Ford Motor Co will be reserved for hybrids and low-emission vehicles.
Australia's automotive trio roll out petrol-thirsty six-cylinder cars that have lost their appeal in the local market because of higher petrol prices and environmental concerns.