ABC news 24 is reporting that Gov ministers believe Holden will stop production in 2017. More to follow.
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ABC news 24 is reporting that Gov ministers believe Holden will stop production in 2017. More to follow.
SAD .... This after Qantas news today, amazingly back in the 70's nearly everything was made in Australia when we had a smaller population.Quote:
Originally Posted by Jag530G
Now were being told continually Australia is small market and can't compete bla bla bla... $$$$
Guess were going to be held ransom in the future, so enjoy the cheap crap while the good times ..... roll on .....for the moment.
odd that it does not appear on any other channel or website.Quote:
Originally Posted by Jag530G
I think they are slowly leaking it to 'soften' the blow.
This will be devasting for Elizabeth and Fishermans bend.
Unfortunately the market does not want, nor is interested, in a locally made sedan/wagon.
I hope the reports are wrong.
How can we buy the brand back?Quote:
GENERAL Motors has reportedly decided to close Holden car manufacturing operations in Australia.
The ABC reports that senior government ministers have that the American carmaker will pull out of Australia as early as 2016.
It says the announcement was supposed to be made this week, but had been put off until early next year.
MORE TO COME
Free trade deal just negotiated with Korea will mean Korean built cars will become even cheaper.
RIP Holden :bawl:
Sign me up for a Kia K900
Really, who has not seen this coming?
I'll look at a Hyundai Genesis 5.0L V8. The FTA will reduce the wholesale price by 5%, so probably retail might drop by 2-3%. THen again Our market is so competitive already I doubt SK imports will drop by much.
Cheers, Matthew
Quote:
Originally Posted by Goggles
Quote:
Holden May Quit Australia In 2016: Report
Mark Kenny
Australian car maker Holden may already have decided to leave the country regardless of what action or additional assistance Canberra offers up.
With senior Liberals already agitating for a re-think of car industry assistance and convinced that the billions thrown at the sector over decades is a waste of money, there are now reports that a decision on the carmaker's future has already been made in Detroit, headquarters of General Motors, Holden's parent company.
The troubled manufacturer, beset by high labour costs and a high Australian dollar, has asked for a decision on additional assistance from Canberra before Christmas.
However the new Coalition Government has tasked the productivity commission with providing advice in the first months of 2014.
In a submission to the inquiry, Holden said a long-term Australian policy that was globally competitive was needed to keeping its manufacturing alive in the country.
''Without public assistance, Holden's local manufacturing cannot compete globally,'' the submission said.
A spokeswoman for Industry Minister Ian Macfarlane was quick to deny the reports.
''They haven't made a decision about their future in Australia,'' spokeswoman Kylie Barron said. ''There is no change.''
Opposition Industry spokesman Kim Carr has also hosed down the reports, but urged the government to act now to convince the car manufacturer to stay in Australia.
The reports are not true at this stage, Senator Kim Carr told the ABC. As far as I know there has been no decision taken.
"We're talking about 50,000 direct jobs and knock-on effects of up to 200,000 jobs across Australia," he said.
Holden has issued a statement saying its discussions with government were continuing.
Manufacturing Workers Union official John Camillo told SkyNews that if there were truth in the reports, that it was wrong for workers to be informed in this way.
"Really these workers deserve to be told by the company if there's any truth in this or not ... not through the media,
"We want to see Holden coming up to squash the speculations."
It has long been known that the economic dries in the Liberal Party, including powerful economic ministers such as the Treasurer Joe Hockey, Finance Minister, Mathias Cormann, and Infrastructure Minister, Jamie Briggs, favour withdrawing support on the grounds that the industry should either sink or swim on its own merits.
Industry Minister Ian Macfarlane however, remains actively involved, along with the premiers of Victoria and South Australia, Denis Napthine and Jay Weatherill respectively, in trying to find a way to keep the industry viable.
Along with the automotive components sector, it directly employs nearly 50,000 Australians.
According to reports out of Canberra on Thursday, senior ministers in the Abbott Government are now convinced that Holden's is on the way out as early as 2016.
That would leave Toyota as the only local manufacturer and almost certainly hasten its demise here as well.
Australia's third carmaker, Ford has already decided to end local manufacturing yet has protected its market position.
Read more: http://www.smh.com.au/national/holde...#ixzz2mbYWKmqG
http://www.smh.com.au/national/holde...205-2yu8i.html
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Unfortunately its definitely over I think. The cost of doing business in Australia is just way to expensive now. Its even affecting my industry the oil and gas sector with upwards of 100 billion dollars in projects put on hold over the last few years because of the costs. And the high Australian dollar has been a killer to.
It's no surprise we have had these threads popping up for ages the writing on the wall has been getting bolder and bolder. As I said in the last thread the best thing you can do now is buy a brand new VF enjoy it, look after it and Keep it!!
Writing has been on the wall for a long time now, looks like the GTS will be my last.... bring on Mustang / Camaro hopefully
There is away. And that is buying the Holden name and operation off GM and take 50% govt control float the rest on the market and we can take shares in it and take sales tax and luxury car tax and any fringe benifit tax off locally produced cars. Its really important to keep industries like this in the country. For one thing in times or war its easy to transfer the skills over to make tanks and war vehicles. Thats an extreme example but its true.
I heard it was leaked by "sources" within the government, seems to me they are saying this so they can justify not sending any more money Holden's way. Why would they put any more money in if GM has already made the decision.
They either put the money in now, or they'll be paying it out in social security after the jobs are gone.