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GasBuddy News Article

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GM to Keep Australian Presence for 10 Years, Wins Subsidy

Bloomberg -- General Motors Co. (GM), the largest U.S. automaker, will continue making cars at its Holden unit in Australia for at least 10 years in return for a A$275 million ($288 million) government assistance package.

“We were at real risk there would be no more Holden in Australia,” Prime Minister Julia Gillard told reporters in Canberra today. “It would have been a knockout blow for manufacturing, given the importance of the auto industry.” Holden will invest more than A$1 billion in production to make two new models, in return for the investment, she said.

The value of Australia’s automobile exports plunged to the lowest level since 1998 last year as a local currency that’s strengthened 14 percent against the U.S. dollar in the past two years reduced overseas demand.


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Submitted Mar 22, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: GM to Keep Australian Presence for 10 Years, Wins Subsidy Back to Topics
REPLIES (newest first) Post a Reply
rjhenn
Champion Author Des Moines

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Message Posted: Mar 23, 2012 3:45:05 PM

If you're posting strictly for points, there's a whole section called Just for Fun for that.

[Edited by: rjhenn at 3/23/2012 6:47:04 PM EST]
sparky808
Champion Author Honolulu

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Message Posted: Mar 23, 2012 10:28:34 AM

Thank you for posting.
N5EXY
Champion Author Austin

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Message Posted: Mar 23, 2012 4:49:06 AM

Rumble, grumble, it is all about points.
rjhenn
Champion Author Des Moines

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Message Posted: Mar 22, 2012 9:00:04 PM

rumbleseat - "Reading some of the posts, I have to wonder if it is the state of the education system, or if some people in GasBuddy are just dumb, or too lazy to read articles before posting for points."

Yes.
GoGoGoodyear
Champion Author Los Angeles

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Message Posted: Mar 22, 2012 6:37:21 PM


I see GM has learned to play the gimme-gimme subsidy and handout game in other countries as well. At least the Australian taxpayers only got taken for a few hundred million.
ProRogue
All-Star Author Vancouver

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Message Posted: Mar 22, 2012 6:29:53 PM


Unfortunately, rumbleseat, all signs point to your second guess.

Sad. True.
boborobot
Champion Author Michigan

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Message Posted: Mar 22, 2012 6:27:13 PM

What does this have to do with fuel prices?
darkknight1
Champion Author Winston-Salem

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Message Posted: Mar 22, 2012 6:19:30 PM

ok
nwsynthetics
Champion Author Oregon

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Message Posted: Mar 22, 2012 6:18:57 PM

Thanks for story. No comment
TustinDad
Champion Author Orange County

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Message Posted: Mar 22, 2012 6:16:45 PM

rumbleseat wrote: "Reading some of the posts, I have to wonder if it is the state of the education system, or if some people in GasBuddy are just dumb, or too lazy to read articles before posting for points."

You are on to something. I think there is another reason as well. Some posters just post something outrageous to see what they can stir up. I really hope some of the comments aren't serious, that would be a disaster for this country.
ratones1
Champion Author Los Angeles

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Message Posted: Mar 22, 2012 6:16:08 PM

hhhhhhhhum...
ratones1
Champion Author Los Angeles

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Message Posted: Mar 22, 2012 6:15:27 PM

wow...
walkingtall
Champion Author Toronto

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Message Posted: Mar 22, 2012 6:15:24 PM

We will loss in the long run.
RitaVespa
Champion Author Oregon

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Message Posted: Mar 22, 2012 6:14:39 PM

SERIOUSLY!?
TustinDad
Champion Author Orange County

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Message Posted: Mar 22, 2012 6:14:06 PM

theschmuck wrote: "'e-squirrel's last comment is good - GM can't seem to operate anywhere in the world without be subsidized by the gov't. More of our taxpayers money being thrown away."

If you stop and think for just a tiny, little bit, schmuck, you ought to realize that money given by the Australian government to an Australian (Holden) company has VERY little to do with our tax payers' money. Where do you get all this drivel from?
CPGas1815
Champion Author Michigan

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Message Posted: Mar 22, 2012 6:12:06 PM

As one who has recorded the earnings of Australian golfers for several years I have had to convert those earnings to U.S.. Dollars. At is low the Australian dollar was valued at approx. 79 U.S. cents. At its high the Australian dollar was actually just slightly higher than the U.S.. dollar but that was about six years ago.
Hoporrene
Veteran Author Mississippi

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Message Posted: Mar 22, 2012 6:08:26 PM

umm..wow
carefrey
Champion Author Orlando

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Message Posted: Mar 22, 2012 5:57:31 PM

Okay!
YodaON
Champion Author Ottawa

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Message Posted: Mar 22, 2012 5:54:49 PM

Should help poor GM
TDIdave
Champion Author California

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Message Posted: Mar 22, 2012 5:52:05 PM

hmmm.
stephen2155
Champion Author North Carolina

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Message Posted: Mar 22, 2012 5:51:56 PM

Ok
swrestler
Champion Author Grand Rapids

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Message Posted: Mar 22, 2012 5:51:03 PM

GM All The Way...
ShabbyPA
Champion Author Pennsylvania

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Message Posted: Mar 22, 2012 5:48:25 PM

whatever
cutter1330
Champion Author Oklahoma

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Message Posted: Mar 22, 2012 5:47:06 PM

GM hand outs.
JDisNo1
Sophomore Author Twin Cities

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Message Posted: Mar 22, 2012 5:46:56 PM

ok
warlord1
Champion Author Georgia

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Message Posted: Mar 22, 2012 5:46:41 PM

ok
Busymomma56
Sophomore Author Utah

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Joined:Mar 2012
Message Posted: Mar 22, 2012 5:44:03 PM

What about what our country needs? Thought GM was an American company. So they get money from USA and other countries also. What a scam?
69Bonne
Champion Author Gary

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Message Posted: Mar 22, 2012 5:42:04 PM

And they'll keep the profits over there, too.
heysailor
Champion Author Pittsburgh

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Message Posted: Mar 22, 2012 5:41:52 PM

That's nice
toneOH
All-Star Author Ohio

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Message Posted: Mar 22, 2012 5:36:55 PM

right
blitzntj
Champion Author Jacksonville

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Message Posted: Mar 22, 2012 5:36:45 PM

Ok
justme48
Champion Author New Jersey

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Message Posted: Mar 22, 2012 5:35:58 PM

Where is my subsidy to keep me going??????
SUPERQUACK
Champion Author Sacramento

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Message Posted: Mar 22, 2012 5:35:14 PM

WE NEED MORE "PRESENSE" HERE !!!!!!!!!!
TXHUNTER1
Champion Author Austin

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Message Posted: Mar 22, 2012 5:33:14 PM

OK
jpd683
Champion Author Scranton

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Message Posted: Mar 22, 2012 5:32:19 PM

We will lose in the long run.
theschmuck
Champion Author Michigan

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Message Posted: Mar 22, 2012 5:31:40 PM

'e-squirrel's last comment is good - GM can't seem to operate anywhere in the world without be subsidized by the gov't. More of our taxpayers money being thrown away.
rumbleseat
Champion Author Winnipeg

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Message Posted: Mar 22, 2012 5:30:07 PM

Reading some of the posts, I have to wonder if it is the state of the education system, or if some people in GasBuddy are just dumb, or too lazy to read articles before posting for points.
bra0712
Champion Author Arizona

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Message Posted: Mar 22, 2012 5:29:02 PM

K
shea33
Champion Author Pensacola

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Message Posted: Mar 22, 2012 5:23:54 PM

keeping the company going
Topshopper2011
Champion Author New Jersey

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Message Posted: Mar 22, 2012 5:21:17 PM

Just how business works worldwide. Every country subsidizes at least to industries in the countries. Check it out if you do not know already.
KrsnaDragon
Champion Author Montreal

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Message Posted: Mar 22, 2012 5:20:31 PM

IMHO, some of the less literate posters would be doing the rest of us a favour by sticking to one-word posts. Often, they're the ones with so much to say, but most of it is scapegoating, name-calling, and myopic criticism; they rarely seem to have any practical or reasonable ideas to propose.
Car54BC08
Champion Author British Columbia

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Message Posted: Mar 22, 2012 5:13:18 PM

GM is doing a pretty good job of being a parasite in other parts of the world and not just North America.
rf6480
Champion Author Miami

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Message Posted: Mar 22, 2012 5:08:49 PM

More subsidies
stevencr
Champion Author Ohio

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Message Posted: Mar 22, 2012 5:04:51 PM

I didn't know Australia had such a large automotive manufacturing industry. Sounds like this will be good for both the Aussies and GM. It's too bad GM can't stand on it's own and compete without governmnet help.
96sc1
Champion Author El Paso

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Message Posted: Mar 22, 2012 5:02:10 PM

This administration's ruinous fiscal policy is having an negative impact on Australia's trade balance. That can't be good.
jwduke1
Champion Author Iowa

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Message Posted: Mar 22, 2012 4:59:48 PM

I'm surprised the worthless UAW doesn't want these jobs in the US.....
Romey08
Champion Author Virginia

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Message Posted: Mar 22, 2012 4:59:38 PM

Not sure how this is related to gasbuddy.
paulydel
Champion Author Delaware

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Message Posted: Mar 22, 2012 4:58:17 PM

The one worders have no brain. They just take up everones time with useless dribble. The other one is "What does this have to do with oil?"
singlemom27
Champion Author Ventura

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Message Posted: Mar 22, 2012 4:58:03 PM

good
REVLAW
Champion Author San Antonio

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Message Posted: Mar 22, 2012 4:56:17 PM

K
gasaholicMO
Champion Author Missouri

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Message Posted: Mar 22, 2012 4:53:37 PM

True, does seem a lot of posters don't know how to read.
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