Toyota, Ford And Holden In Crucial Government Talks In Melbourne

A government meeting is taking place in Melbourne this afternoon, aimed at securing the future of the Australian car industry.

Executives from Toyota, Ford and Holden are all taking part along with the Victorian and South Australian state governments, the federal government and union representatives.

The meeting aims to map out a sustainable future for the Australian car industry, with many options on the table.

Prime Minister Julia Gillard is hosting the event, using her opening address to speak on the future of the industry and the economy.