General Motors to close Holden

Discussion in 'Markets & Economies' started by rbaggio, Dec 5, 2013.

  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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  2. TheEnd

    TheEnd Well-Known Member

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  3. TheEnd

    TheEnd Well-Known Member

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  4. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    According to the ABC, $12 billion in taxpayer support has been given to the car industry over the past decade.

    As best as I can tell, 3 million cars have been produced domestically over that period.

    Hence, our tax dollars have been subsidising the car industry by just under $4,000 per car over the past ten years. (Not including the indirect subsidies via import duties and the effective banning of grey imports etc by regulation.)
     
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    If madness ever grips me and I choose to buy a Holden, I wonder if I'll be able to screw the dealer for my $4000 taxpayer subsidy credit?
     
  6. zurnaik

    zurnaik Member

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    Obviously the closure is not going to be announced while Mike Devereux is still around. He doesn't want his legacy to be closing operations in one country just as he's about to join operations in another country!!
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

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    Mr Toyota must be pleased to see his local competitors going to the wall.

    All the local market to itself.

    OC
     
  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    ^^^
    I believe Ford and GMH will maintain their dealerships etc... just not manufacture cars from scratch (i.e. sell & service imports)

    Someone pointed out that Toyota currently only assembles imported parts. (although I beleive the hybrid Camry has a significant local imput)
     
  9. AngloSaxon

    AngloSaxon Active Member

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    Of course Ford and GM/H will still have dealerships, as it is they both have 2 locally produced models (and associated variants) amongst 8-10 imported models.

    Toyota produce engines here for use in the Aurion and Camry and export them to the world. They export more models than Holden and obviously have permission in Japan to do so. Ford Australia is hamstrung by having no such head office permission. Ford US long ago prevented Ford Australia from having an effective export programme beyond New Zealand - the unions in the US that make the Taurus have too much clout to let their jobs be at stake if the Falcon was allowed to become a competitor within the global brand stable.
     
  10. errol43

    errol43 New Member Silver Stacker

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    Free trade agreement with South Korea will mean that Chevies will be the ones to take the Holdens place at much lower prices.. What about a Commodore for $22000.

    Yes they will make them in South Korea...

    Might be just BS but thats what I read on the net.

    Regards Errol 43
     
  11. AngloSaxon

    AngloSaxon Active Member

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    Won't be a Commodore. Will be a revamp of the Malibu, Korean-sourced and sold in Australia now in Holden dealers, or Canadian-sourced Impala that has Korean engines. The impala is a bland front wheel drive full sized car equivalent to the Ford Taurus.
     
  12. TheEnd

    TheEnd Well-Known Member

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    The Wall street Journal has just prodeced an article saying GM ARE going to close Holden and also make cutes in Asia.......Could'nt read all of article cos i'm not subscribed.

    Toyota also asking to make changes to workers conditions.....Unions not happy!
     
  13. errol43

    errol43 New Member Silver Stacker

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    Will they close Vic and SA . That is the ?

    Regards Errol 43
     
  14. TheEnd

    TheEnd Well-Known Member

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    Ye i'm 99% sure it will be full closure of both factories......More talk today of Holden asking for money again and Vic government bagging Abbott for saying no more......Interesting times!
     
  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    $22,000 for a Daewoo Commodore sounds about right. :)
     
  16. errol43

    errol43 New Member Silver Stacker

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    I'm not talking about the car factories bu rather the States of Vic and SA. :)

    These states will be basket cases if the car manufacturing industry goes under.

    We might have to employ border guards once again just like in the days of Joe. No motorbikes allowed. :)

    Regards Errol 43
     
  17. AngloSaxon

    AngloSaxon Active Member

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    Daewoo don't exist and there will be no Commodore. That will be gone. Anyone who wants a reliable car will need a boring diesel chugging Landcruiser or hold on to their 10 year old Commodore or obtain a BF Falcon until it's engine dies around 400,000km.
     
  18. Old Codger

    Old Codger Active Member Silver Stacker

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    Maybe I am a cruel and heartless blood sucking capitalist, but I find it very hard to find much sympathy for the workers at Ford/Holden/QANTAS.

    Been at war with the boss for decades, and now they will reap the whirlwind.

    OC
     
  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Daewoo are well and truly alive - hidden under the Korean built GMH/Holden badge. :)
     
  20. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    It is GMDAEWOO ;)
    Daewoo were crap untill GM bought in & used a more reliable engine
    Still a piece of crap in my books :D
     

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