Dark Horse
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?
Category: Audio
Tags: car manufacturer, Detroit, economics, General Motors, government assistance, Holden, industry
More by Dark Horse
Gay Marriage and the Freedom to Choose
The ACT’s Marriage Equality Act was only active for five days, with Australia’s first same-sex wedding held at 12.01AM on Saturday 7th […]
Gambling – a health issue, or a gaming issue?
The Coalition has annouced plans to cut back on recommended and legislated gambling reforms, allowing the industry to move more into self-regulation.One […]
Raising the retirement age – a good move, an inevitable move
In November, the Productivity Commission released a report recommending indexing Australia’s retirement age with quality of life, eg. if Australians are living […]
