Re: Holden closure
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They are requesting a co-investment of $500 million to which GM will be investing a further $1b of their own money into Australia. This includes the development of a new vehicle alongside Commodore and Cruze, which is rumoured to be a small suv, so they are at least attempting to make vehicles that people "want".
For every dollar the govt gives in assistance, they get $6 back in revenue and increased economic activity. This is not just 'propping them up so people can buy Commodores'. We need to stop being so short sighted and look at the big picture. The Australian taxpayer and economy will be far worse off with Holden gone and will make a few hundred million in subsidies look like a drop in the ocean in comparison.
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