The Federal and Tasmanian Governments have announced a $2.3million rescue package for a Launceston car parts manufacturer.

The ACL Bearing Group cut its workforce from 400 to 300 last year and its sister company cut 300 jobs in February after Mitsubishi Motors' Adelaide factory closed.
The Federal Government has given $2million and the State Government $330,000 to help ACL find extra business so that it can keep producing parts.
The Federal Minister for Innovation and Industry, Senator Kim Carr, says if ACL closed, it would bring Australia's automotive manufacturing to a standstill.
"This is a company that's unique in Australia," Senator Carr said.
"It's the only company in Australia that makes bearings to keep our engines running and if we had not taken action we would have faced a shutdown of the entire industry with tens of thousands of workers being laid off."
The company says without the money it would have had to close within two days.