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Originally Posted by TMC
In the short term yes. But if you made a small profit or just broke even for 20 years lets say, then what's the point being in business. Same thing if you make 10 years of small profits which are offset by 10 years of small losses. I wouldn't invest in a business like that, as it's future looks shaky. The only reason the Gov has kept injecting money into companies like Holden is for political reasons. It's merely a prop to hold the walls up from collapsing.
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The gov't might be doing that, but the number of people that rely on their doors staying open is staggering. It's not only the 2,000 plus Holden employees that reply on that company. It's many thousands more.
Personally, I can see the reason the gov't would be "propping" the business up, is because they are getting more tax payers dollars from everyone associated directly and indirectly from thatt company, so it's worth their while.
We can then add in, having a car maker still producing cars, which means more aussie cars on our roads and less imports. That can only be a good thing. I would hate to see another car manufacturer close in this country.