Holden, General Motors & The ‘Perfect Storm’
This week, Prime Minister Tony Abbott annouced the commonwealth will give $60m to help Holden workers cope with their company leaving Australia.General Motors, in Detroit, decided to end manufacturing Holden in Australia due to a strong Australian dollar, small market and high manufacturing costs. There was a lot of blame shifting as to whose fault GM’s decision was, but does a business with such a small amount of customers really deserve government assistance? And are we only sad to see Holden go because of their ‘Australian icon’ status?
December 18th 2013Read more by harriet
Tags: car manufacturer, Detroit, economics, General Motors, government assistance, Holden, industry
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