The Labor Party has plans to contribute tens of millions of dollars to resurrect the Australian car industry, by manufacturing electric and hydrogen-powered cars.
High-ranking executives from the United States have been travelling to Australia to discuss investment options.
Labor plans to offer major carmakers research and development grants from a $1 billion fund.
Labor leader, Bill Shorten, has hinted at his plan for the car industry earlier saying, he wants Australia to be a “manufacturing nation”.