View Single Post
Old 15-08-2019, 02:39 PM   #738
BENT_8
BLUE OVAL INC.
 
BENT_8's Avatar
 
Join Date: Feb 2006
Posts: 8,607
Default Re: Will the Holden brand survive?

Quote:
Originally Posted by jpd80 View Post
They weren't offered anything like that, Look back to what as offered to keep FGX and Territory,
the upgrades cost, $125 M and the governments chipped in $62 M, relatively peanuts....

The $500 M figure was how much Abbott proposed to cut in car industry assistance
but that somehow was assumed as money offered to Ford.....

It's the same BS deal that always happened, Ford was offered $30 M assistance for Focus production
while Holden was given over $300 M to assist Cruze production. There was always a lot more apathy to
investment in Ford because they had the hand on the ejection lever for years and governments just saw it
as tactics to get more assistance and not a real threat to leave.
I seem to remember the Gillard/Rudd whoever was in at the time, offering Ford money to stay and they declined, it might not have been 500m but I'm fairly sure it was more than 30m.
BENT_8 is offline