Our new spin-off automotive venture was mentioned in the media today. We were fronting a Senate enquiry on the future of the Australian car industry and the Advertiser were there to cover it.
I don’t think I said that Australian manufacturing is an IP free zone, rather that some of our automotive manufacturers are. In fact, most of our successful manufacturers are growing precisely because they do have IP that gives them an advantage in the global market place, and there are some great local examples.
For information on our automotive venture go to the website for Red Automotive Technologies www.redautotech.com.