http://www.abc.net.au/news/2012-01-10/governments-to-pay-to-keep-holden-in-australia/3766370


Quote:

State and federal governments are likely to pay Holden's parent company a "substantial amount" to keep manufacturing bases in Australia. South Australian Premier Jay Weatherill has foreshadowed a major funding announcement after news the closure of Holden's Australian operations was one option being considered by US parent company General Motors. Mr Weatherill, Federal Manufacturing Minister Kim Carr and Holden chairman Mike Devereux met with GM executives in Detroit on Monday (US time) to discuss the company's future. He says the Federal Government will bear the brunt of future funding, which he insists will not be a rescue package. "We're talking about a very substantial investment from both the Commonwealth and State Government and that's why we want to make sure we get a decent return for that amenity," he said "It would obviously provide security for the future but we want to make sure that beyond the life of the next model of the Holden it also secures a future for an advanced manufacturing industry in South Australia based on a car manufacturing industry." He says details of the funding, which he described as a co-investment, are still being determined. "That's the subject of negotiations. It would undermine our negotiation to disclose that but suffice to say it's a very substantial sum." Most of Holden's 4,800 workers are based at its Elizabeth assembly plant in South Australia and its Port Melbourne engine factory.

Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin with to keep manufacturing here? What an absolute disgrace.

I say let them go, and see if they like the bad publicity they get as a result.

GoddyofOz wrote on Jan 10^th, 2012 at 11:45pm:

http://www.abc.net.au/news/2012-01-10/governments-to-pay-to-keep-holden-in-australia/3766370 Quote: State and federal governments are likely to pay Holden's parent company a "substantial amount" to keep manufacturing bases in Australia. South Australian Premier Jay Weatherill has foreshadowed a major funding announcement after news the closure of Holden's Australian operations was one option being considered by US parent company General Motors. Mr Weatherill, Federal Manufacturing Minister Kim Carr and Holden chairman Mike Devereux met with GM executives in Detroit on Monday (US time) to discuss the company's future. He says the Federal Government will bear the brunt of future funding, which he insists will not be a rescue package. "We're talking about a very substantial investment from both the Commonwealth and State Government and that's why we want to make sure we get a decent return for that amenity," he said "It would obviously provide security for the future but we want to make sure that beyond the life of the next model of the Holden it also secures a future for an advanced manufacturing industry in South Australia based on a car manufacturing industry." He says details of the funding, which he described as a co-investment, are still being determined. "That's the subject of negotiations. It would undermine our negotiation to disclose that but suffice to say it's a very substantial sum." Most of Holden's 4,800 workers are based at its Elizabeth assembly plant in South Australia and its Port Melbourne engine factory. Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin with to keep manufacturing here? What an absolute disgrace. I say let them go, and see if they like the bad publicity they get as a result.

Yes that should impress the 5000+ people who'll be out of work if General Motors US decides to pull the plug on Holden....

Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin

Been owned by the Yanks since 1931.

gizmo_2655 wrote on Jan 10^th, 2012 at 11:57pm:

GoddyofOz wrote on Jan 10th, 2012 at 11:45pm: http://www.abc.net.au/news/2012-01-10/governments-to-pay-to-keep-holden-in-australia/3766370 Quote: State and federal governments are likely to pay Holden's parent company a "substantial amount" to keep manufacturing bases in Australia. South Australian Premier Jay Weatherill has foreshadowed a major funding announcement after news the closure of Holden's Australian operations was one option being considered by US parent company General Motors. Mr Weatherill, Federal Manufacturing Minister Kim Carr and Holden chairman Mike Devereux met with GM executives in Detroit on Monday (US time) to discuss the company's future. He says the Federal Government will bear the brunt of future funding, which he insists will not be a rescue package. "We're talking about a very substantial investment from both the Commonwealth and State Government and that's why we want to make sure we get a decent return for that amenity," he said "It would obviously provide security for the future but we want to make sure that beyond the life of the next model of the Holden it also secures a future for an advanced manufacturing industry in South Australia based on a car manufacturing industry." He says details of the funding, which he described as a co-investment, are still being determined. "That's the subject of negotiations. It would undermine our negotiation to disclose that but suffice to say it's a very substantial sum." Most of Holden's 4,800 workers are based at its Elizabeth assembly plant in South Australia and its Port Melbourne engine factory. Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin with to keep manufacturing here? What an absolute disgrace. I say let them go, and see if they like the bad publicity they get as a result. Yes that should impress the 5000+ people who'll be out of work if General Motors US decides to pull the plug on Holden....

cannot see the sense in the Australian tax payers paying foreign companies $billions in BRIBES to keep  manufacturing in Australia just to save a few thousand jobs.   Juliar & Swan are always saying there are plenty of jobs about if you want one. 

Ya gotta love those free-markets!!

:D :D

Hey libs, ay ay ay ay ay ay ay ay ay ay ay ay ay!!!??????????????????????????????

Yeh, go externalities!!  :-[ :-[ :-[ :-[ :-[ :-[ :-[ :-[

What are economies again!???!

  ::) ::) ::) ::) ::) ::) ::) ::) ::) ::) ::) ::) ::) ::)

The so called 'conservatives' are a joke talking about the miracle of free-markets! THE FREE-MARKET LIARS I LIKE TO CALL THEM!!  ;D

Markets are regulated because economies are made up of people!!

  :o :o :o :o :o

Some libs think they are so cool voting Liberal but don't understand year 11 economics!!

Still, they want to bash your ear in on the drugs about Peter Costellos allegedly cosmic relationship with interest rates and, ..., gawd it never ends: they don't know what their last sentence meant let alone their next one!!

Governments to pay Holden to stay in Australia

Why do you think that every car manufacturer chucks a fit about once a decade and threatens to leave?

The Government support just keeps rolling in, been going on for at least 4 decades.

Dnarever wrote on Jan 11^th, 2012 at 5:59pm:

Governments to pay Holden to stay in Australia Why do you think that every car manufacturer chucks a fit about once a decade and threatens to leave? The Government support just keeps rolling in, been going on for at least 4 decades.

SO, ....WHAT'S YOUR POINT?

Or are you just having a whinge and sitting on the fence hoping someone else will tell you what they think should happen ?

  ;) ;) ;)

culldav wrote on Jan 11^th, 2012 at 1:51pm:

gizmo_2655 wrote on Jan 10th, 2012 at 11:57pm: GoddyofOz wrote on Jan 10th, 2012 at 11:45pm: http://www.abc.net.au/news/2012-01-10/governments-to-pay-to-keep-holden-in-australia/3766370 Quote: State and federal governments are likely to pay Holden's parent company a "substantial amount" to keep manufacturing bases in Australia. South Australian Premier Jay Weatherill has foreshadowed a major funding announcement after news the closure of Holden's Australian operations was one option being considered by US parent company General Motors. Mr Weatherill, Federal Manufacturing Minister Kim Carr and Holden chairman Mike Devereux met with GM executives in Detroit on Monday (US time) to discuss the company's future. He says the Federal Government will bear the brunt of future funding, which he insists will not be a rescue package. "We're talking about a very substantial investment from both the Commonwealth and State Government and that's why we want to make sure we get a decent return for that amenity," he said "It would obviously provide security for the future but we want to make sure that beyond the life of the next model of the Holden it also secures a future for an advanced manufacturing industry in South Australia based on a car manufacturing industry." He says details of the funding, which he described as a co-investment, are still being determined. "That's the subject of negotiations. It would undermine our negotiation to disclose that but suffice to say it's a very substantial sum." Most of Holden's 4,800 workers are based at its Elizabeth assembly plant in South Australia and its Port Melbourne engine factory. Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin with to keep manufacturing here? What an absolute disgrace. I say let them go, and see if they like the bad publicity they get as a result. Yes that should impress the 5000+ people who'll be out of work if General Motors US decides to pull the plug on Holden.... cannot see the sense in the Australian tax payers paying foreign companies $billions in BRIBES to keep  manufacturing in Australia just to save a few thousand jobs.   Juliar & Swan are always saying there are plenty of jobs about if you want one.

You can't??....Hmmm.
The better result might be for the government to take it over, if/when GM pulls the plug...

Unless you're all in favour of having every new car in Australia arriving by boat from overseas.

gizmo_2655 wrote on Jan 11^th, 2012 at 11:44pm:

culldav wrote on Jan 11th, 2012 at 1:51pm: gizmo_2655 wrote on Jan 10th, 2012 at 11:57pm: GoddyofOz wrote on Jan 10th, 2012 at 11:45pm: http://www.abc.net.au/news/2012-01-10/governments-to-pay-to-keep-holden-in-australia/3766370 Quote: State and federal governments are likely to pay Holden's parent company a "substantial amount" to keep manufacturing bases in Australia. South Australian Premier Jay Weatherill has foreshadowed a major funding announcement after news the closure of Holden's Australian operations was one option being considered by US parent company General Motors. Mr Weatherill, Federal Manufacturing Minister Kim Carr and Holden chairman Mike Devereux met with GM executives in Detroit on Monday (US time) to discuss the company's future. He says the Federal Government will bear the brunt of future funding, which he insists will not be a rescue package. "We're talking about a very substantial investment from both the Commonwealth and State Government and that's why we want to make sure we get a decent return for that amenity," he said "It would obviously provide security for the future but we want to make sure that beyond the life of the next model of the Holden it also secures a future for an advanced manufacturing industry in South Australia based on a car manufacturing industry." He says details of the funding, which he described as a co-investment, are still being determined. "That's the subject of negotiations. It would undermine our negotiation to disclose that but suffice to say it's a very substantial sum." Most of Holden's 4,800 workers are based at its Elizabeth assembly plant in South Australia and its Port Melbourne engine factory. Are you kidding me? Our Governments now have to PAY Companies that were Australian to begin with to keep manufacturing here? What an absolute disgrace. I say let them go, and see if they like the bad publicity they get as a result. Yes that should impress the 5000+ people who'll be out of work if General Motors US decides to pull the plug on Holden.... cannot see the sense in the Australian tax payers paying foreign companies $billions in BRIBES to keep  manufacturing in Australia just to save a few thousand jobs.   Juliar & Swan are always saying there are plenty of jobs about if you want one.  You can't??....Hmmm. The better result might be for the government to take it over, if/when GM pulls the plug... Unless you're all in favour of having every new car in Australia arriving by boat from overseas.

With the $billions in Australian tax payer subsidises Australian politicians have given Holden & Ford over the past few decades, then they could have owned them both outright.  The Government will not take over Holden as a public asset because they will deem it not internationally profitable because of the high manufacturing labour costs. 

We all know every public asset politicians sold were solid profitable assets at the time of their sale, but the politicians were just too incompetent managers to manage the public businesses or the country was going broke and they needed some quick cash.

Why should the Australian tax payers be financially burdened by subsidising foreign owned companies like GM/Holden to the tune of $billions of dollars to keep the afloat because they are in financial trouble, when our public owned business like the “Commonwealth Bank” “QANTAS” and “TELSTRA” were sold because they were deemed to be financial liabilities?

Why are Australian politicians giving tax payer money to keep foreign owned companies going when they didn’t do the same thing to keep public owned assets?

My family and their associated businesses are doing their bit by never buying cars made by American owned car companies. I suggest everyone does the same and put and end to the mafia style tactics they use to feather their own nests at taxpayers expense.