Business
Mercedes-Benz, Ford won’t repay JobKeeper millions despite posting profits in 2020 – ABC News
Mercedes-Benz pockets almost $5 million in emergency JobKeeper payments, despite boasting of a “strong” financial performance during the COVID-19 economic shock….
Luxury car maker Mercedes-Benz pocketed almost $5 million in emergency JobKeeper payments, despite staying profitable during the COVID-19 economic shock and boasting of a “strong” year.
Key points:
- Mercedes-Benz’s Australian arm received $4.9 billion from the wage subsidy scheme but went on to post a $62.7 million profit for 2020
- Ford also posted a profit while receiving JobKeeper, but said without the payments and the sale of one of its factories, it would have posted a loss
- Toyota says it will pay…
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