Another parts supplier goes bust

[Bluehoon]

Originally Posted by Bossxr8

Lucky the government stepped in, without pistons and bearings we would have been stood down within hours.

Begs the question, how many more turmoils and bailouts are we going to see?

[vztrt]

Originally Posted by Bluehoon

Begs the question, how many more turmoils and bailouts are we going to see?

When the economy was going great guns there were plenty of suppliers going under so the GFC ain't gonna help.

[Bluehoon]

Originally Posted by vztrt

When the economy was going great guns there were plenty of suppliers going under so the GFC ain't gonna help.

True, it's highlighted a long underlying problem. Just when will it end?

[ebxr8240]

Originally Posted by Dave Au

We export coal and iron ore to Japan all the time.

Re Exporting to Japan - none of our cars would be suitable for their insular automotive preferences anyway.

Of course other countries have tariffs but I think the last thing we all need is more pandering in our day to day lives by Government; tariffs are just another form of taxation; I'm sure everyone would be whinging on here if the govt raised GST to 15 or 20% to support local industry, why then should they raise tariffs 5 or 10% on car imports. It's our locals own faults for the predicament that their now in.

I was a primary producer .. We could NOT sell directly to Japan..
They buy dairy products and meat off us for 10 th of the $$ they sell over there.. There are jap owned avitores [sp] in Queensland. They buy Aussie meat [in Qland] for low price so they pay very little GST etc .. Then sell it for $100+ a kg in Japan.. Wheat in U.S is subsidised until recently meat and lamb was too..