GM to close car making operations in Australia

TarJak · 12-11-13, 04:25 PM

http://mobile.abc.net.au/news/2013-1...losure/5151266

For the nin Aussies Holden=GM down under. I'm a bit torn over this. GMH wanted several hundred million in government handouts to stay in operation which the government refused to provide. So now we're going to spend several million in "assistance" to help workers find other work.

I'm not a fan of government propping up unprofitable big business but I'm also not a fan of losing smaller manufacturing businesses that are profitable. Maybe they are only profitable when the big boys are getting subsidies?

I feel for the workers who now face difficult decisions and the government just wants them to go away and dig holes to sell to China.

I suspect that we may be hitting the bottom a few years after the rest of the world. We were spared recession in 2008 - 09 but only because China printed a shed load of money and bought our holes.

AVGWarhawk · 12-11-13, 04:34 PM

GM has been sticking it to quite a few lately.

http://www.forbes.com/sites/briansol...-million-loss/

Jimbuna · 12-11-13, 04:59 PM

Sadly the way of the world now

d@rk51d3 · 12-11-13, 09:23 PM

Production set to cease in 2017. Just in time for an election and another chance at the money grab/guilt trip.

TarJak · 12-11-13, 09:30 PM

Quote:

Originally Posted by d@rk51d3

Production set to cease in 2017. Just in time for an election and another chance at the money grab/guilt trip.

Yep. I don't doubt that won't be lost on the government either.

TarJak · 12-12-13, 02:04 PM

http://mobile.abc.net.au/news/2013-1...ness27/5153468

The blame game has started.

Jimbuna · 12-12-13, 04:11 PM

Don't you just love politics

TarJak · 12-12-13, 04:15 PM

No I don't. Politicians of all types and denominations are the most self serving arrogant shower of excrement ever to walk the earth.

Jimbuna · 12-12-13, 04:17 PM

Quote:

Originally Posted by TarJak

No I don't. Politicians of all types and denominations are the most self serving arrogant shower of excrement ever to walk the earth.

So you did learn something from the masters/makers of your beginning then?

12-11-13, 04:25 PM	#1
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	GM to close car making operations in Australia http://mobile.abc.net.au/news/2013-1...losure/5151266 For the nin Aussies Holden=GM down under. I'm a bit torn over this. GMH wanted several hundred million in government handouts to stay in operation which the government refused to provide. So now we're going to spend several million in "assistance" to help workers find other work. I'm not a fan of government propping up unprofitable big business but I'm also not a fan of losing smaller manufacturing businesses that are profitable. Maybe they are only profitable when the big boys are getting subsidies? I feel for the workers who now face difficult decisions and the government just wants them to go away and dig holes to sell to China. I suspect that we may be hitting the bottom a few years after the rest of the world. We were spared recession in 2008 - 09 but only because China printed a shed load of money and bought our holes.

12-11-13, 04:34 PM	#2
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	GM has been sticking it to quite a few lately. http://www.forbes.com/sites/briansol...-million-loss/ __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

12-11-13, 04:59 PM	#3
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,461 Downloads: 63 Uploads: 13	Sadly the way of the world now __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

12-12-13, 04:11 PM	#7
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,461 Downloads: 63 Uploads: 13	Don't you just love politics __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

12-11-13, 09:23 PM	#4
d@rk51d3 Sea Lord Join Date: Sep 2006 Location: Adelaide, South Australia Posts: 1,951 Downloads: 207 Uploads: 0	Production set to cease in 2017. Just in time for an election and another chance at the money grab/guilt trip.

12-12-13, 02:04 PM	#6
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	http://mobile.abc.net.au/news/2013-1...ness27/5153468 The blame game has started.

12-12-13, 04:15 PM	#8
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	No I don't. Politicians of all types and denominations are the most self serving arrogant shower of excrement ever to walk the earth.