Automotive Expert says Holden poised for collapse

"Just 7 months after a $275 Million dollar rescue package", that's just under $40 Million/month to keep it going.

Sounds like the drugs aren't working :(
 
Mitsubishi took the money and left also... so no surprise. :mad:

Bet Holden are happy they paid all their workers fat bonuses now, days after the bailout was announced.
 
It amazes me that 2300 one person businesses could go under and not one of them would get funding to stay afloat. But one company goes under and we need to support them ad infinitum with tax payer's money. Also those 2300 workers from one company will get government assistance to find work where as the 2300 one person businesses have to look after themselves. Ridiculous!
 
Union jobs. Unions don't want to lose membership numbers. No matter how much of a futile waste of taxpayers money Labor will bail them out again. I would be happy to see the money being used to help Holden staff into careers with other employers, but to prop up a zombie car maker is just a waste of money.
 
philmart said:
It amazes me that 2300 one person businesses could go under and not one of them would get funding to stay afloat. But one company goes under and we need to support them ad infinitum with tax payer's money. Also those 2300 workers from one company will get government assistance to find work where as the 2300 one person businesses have to look after themselves. Ridiculous!
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One person and small businesses are not members of unions, therefore the Labor government does not regard them as Australian workers, it regards them as vermin.
 
Jonesy said:
Union jobs. Unions don't want to lose membership numbers. No matter how much of a futile waste of taxpayers money Labor will bail them out again. I would be happy to see the money being used to help Holden staff into careers with other employers, but to prop up a zombie car maker is just a waste of money.
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Reminds be of the difference between a obligate symbiotic relationship with a host compared to a parasitic relationship with a host. Only one type of relationship has the ability to allow both parties to flourish. A union can be as damaging for a business as large government is for the entire economy. Almost all of worlds monetary problems could be solved by simply addressing the problem that when $1 falls into the economy only $0.10 of that goes to the common persons purchasing power, the economy is just filled with leeches, there is no reason everyone could not just instantly move up a class if it was not for the few that are resisting it.
 
Jonesy said:
philmart said:
It amazes me that 2300 one person businesses could go under and not one of them would get funding to stay afloat. But one company goes under and we need to support them ad infinitum with tax payer's money. Also those 2300 workers from one company will get government assistance to find work where as the 2300 one person businesses have to look after themselves. Ridiculous!
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One person and small businesses are not members of unions, therefore the Labor government does not regard them as Australian workers, it regards them as vermin.
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Yes, I thought this was an excellent question also. Because it highlights exactly what is wrong with the collectivist model of government led by self-aggrandising politicians who are enthraled by the rich and powerful and despise all that does not offer any benefit to their own wealth and power.

- Welfare dependants offer increased political control and power;
- Global corporations and powerful embassies offer invaluable personal connections and future possibilities;
- The middle class, small and medium businesses and their owners offer nothing, other than a source of revenue.

Unions have just become another collectivist vehicle for those fraudsters and con-artists that seek power and contol over others using the promise of providing some kind of otherwise unattainable benefit, or so it appears to me. The idea that one political party or the other is more or less altruistic is a bit misleading. It's not the politics or the policies but the nature of the people seeking power themselves, IMO, that corrupt the system and seek to oppose individual freedom with ever increasing controls and wealth confiscation schemes.
 
Loose a million dollars its your problem loose a hundred million its someone else's problem.
 
When KRudd was PM he simultaneously dropped tariffs on imported cars AND gave millions to Toyota to help them build hybrid cars in Australia.You can't have it both ways! Hike tariffs on imported cars and before you tell me about the trade war BS do some research on Chinese and Thai import taxes on foreign cars.

BTW i am semi surprised at this news because i expected Ford to collapse first and then Holden.Toyota is in a much stronger position than those two and may hold on for another couple of decades.
 
Jonesy said:
Union jobs. Unions don't want to lose membership numbers. No matter how much of a futile waste of taxpayers money Labor will bail them out again. I would be happy to see the money being used to help Holden staff into careers with other employers, but to prop up a zombie car maker is just a waste of money.
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Be trained for what careers with what other employers?

Toyota? :lol:
 
Holden is not going anywhere ,ford will be out the door before 2016 ,toyota will be gone when they stop getting money . In times of need (war) you might be happy to have some manufacturing capacity capable of producing weapons . but dont worry if we dont have any, the yanks will come and save us just like the poms did in WW11
 
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