Holden seeks $300million to build two extra production lines in Adelaide

[1TUFFUTE]

hangon...wasnt the money ford recieved mostly on an eco car basis for the future. Not just a straight up bailout???

[Dr Smith]

Just how much money has Holden and Ford recieved in the last 5 years?

[1TUFFUTE]

Originally Posted by Dr Smith

Just how much money has Holden and Ford recieved in the last 5 years?

you cant just list the amounts...what its for and what its ACTUALLY used for is very important.
Money used solely as bailout..should be explained...cus its our damn money.

Does anyone think its messed up that Holden sells the most cars in aus and THEN STILL ASKS FOR 300MILLION BUCKS

[esp302v8]

Originally Posted by flappist

How about some nice new factories up here in Sunny QLD

They don't like the water near Dandenong so I reckon the floods in QLD would really play havoc with them !!!


Andy.

[Buntz]

Originally Posted by flappist

How about some nice new factories up here in Sunny QLD

Is it dry yet?

[Buntz]

Originally Posted by Polyal

extra production lines for what demand? export potential?

I cant see why people think exporting cars from Oz is ever a good idea.

Australia then needs to be a base for higher premium vehicles.

[bobthebilda]

=Brazen]Potentially big investment on top of the Cruze line added last year. Interesting to see how it goes, they are still profitable which helps their cause a bit with Detroit and the government. Exports are out and domestic production is in. Im betting Toyota will also be seeking money for Corolla or Rav4 soon.

This isn't money required for any new lines. Its not even money required for a co-investment. Its just a demand for $300 million to prop up its poor business decisions or it would do like any little child will do and pack up and run away.

http://finance.ninemsn.com.au/newsbu...taxpayer-money

Maybe all the government should do is when GM does decide to pack up, that they give back the $149 million they got for for the cruze equipment. It does suprise me that Deveraux does say they are still profitable, but require money to keep the plant going. Me thinks they are losing lots of money with the cruze, and cant get any money to give the commodore a sufficient update to give it any pricing power. Any how, what plant will GM build around the world to replace Holden cruze production. Oh gee i think they would just return it the same korean plant it was coming from.

[babyf6]

Originally Posted by flappist

How about some nice new factories up here in Sunny QLD

Would solve alot of problems though at the moment it ain't sunny, just rainy

[esp302v8]

Originally Posted by Buntz93ED

Is it dry yet?

They just got flooded again last week !!


Andy.

[babyf6]

Originally Posted by esp302v8

They just got flooded again last week !!


Andy.

Its still going up here

[svo supporter]

Originally Posted by DASH GT

Let them go..... The government does not give the rest of us funding to continue on business, so why should these turkeys keep putting their hands out... Government would be better of spending 300 million in recruiting all the employees elsewhere.

Excellent quoting from someone that doesn't live anywhere near the plant, to know how many businesses rely on that plant being there.

I reckon the same would apply to the Ford plant.

So may I suggest, sticking your head around the areas concerned, finding out how many jobs ARE at stake if the plant/s were to close, instead of being an internet know it all.

[CAMS290]

They need the $300 million of tax payer dollars to subsidise the up to 22.3% pay increase their employees are getting over the next three years.
http://www.businessspectator.com.au/...cument&src=tnb

It's disgracefull while the rest of us make do with bugger all, it's a kick in the face to the rest of the hard working Australians............the unions and the govt are sending this country down the gurgler.

[Gobes32]

Originally Posted by svo supporter

Excellent quoting from someone that doesn't live anywhere near the plant, to know how many businesses rely on that plant being there.

I reckon the same would apply to the Ford plant.

So may I suggest, sticking your head around the areas concerned, finding out how many jobs ARE at stake if the plant/s were to close, instead of being an internet know it all.

Surely it has gotten to the point of being ridiculous? I mean, how much money can they possibly need? I think it's time to cut the lifelines, sink or swim, because all this taxpayer bailouts is making my head spin.........

[dkpioe]

if ford were smarter, we would be reading "Ford seeks $300million to build two extra production lines in ..."

[CAMS290]

Originally Posted by Gobes32

Surely it has gotten to the point of being ridiculous? I mean, how much money can they possibly need? I think it's time to cut the lifelines, sink or swim, because all this taxpayer bailouts is making my head spin.........

I totally agree, I am self employed with one employee, business has been quiet and money has been really tight, if I am late paying my BAS, GST & PAYG I get reamed by the ATO............they don't give a stuff if I go broke and loose my house and my business. I don't get govt handouts or preferential treatment, I dont get massive rate/pay increases and I have just about had enough of hearing about tax payers bailing out un profitable companies.

No one gives a stuff if I'm out on my a$$ living on welfare, well guess what ?
I am getting to the stage that I couldn't care less if Ford, Toyota or Holden had a manufacturing base in Australia anymore.

[prydey]

why does everyone just absorb all the dribble that comes from holden like it is the gospel itself??

its not like they don't have history when it comes to honesty.

[Spanrz]

I don't understand how a company can sit there and say "Here, well pay you squillions to work with us", then hit up the Taxpayer to assist in funding their "business/commercial decison".

Sounds logical.................Not!

[Venomous1]

300 mil / 5000 = 60000 each. its gotta end somewhere.

Hey look that countries doing it lets do it.

[Luke Plaizier]

Given that both Ford and Holden are taking money, but not drumming up the exports that the government has been asking.....

Perhaps this government money would be better spent on acquiring the assets of the Ford and Holden plants for the purpose of starting it's own Australian Owned company, with additional private sector investment, that could control it's own destiny and export as it saw fit, rather than worry about the internal company politics - like not selling Falcon to middle east because the Crown Vic was there, or not selling to the US because of the Taurus.

The US Government has a 33% share in GM.
The lower state of saxony has a 13% share in Volkswagon.

It can be done.

[jpd80]

Originally Posted by Luke Plaizier

Given that both Ford and Holden are taking money, but not drumming up the exports that the government has been asking.....

Perhaps this government money would be better spent on acquiring the assets of the Ford and Holden plants for the purpose of starting it's own Australian Owned company, with additional private sector investment, that could control it's own destiny and export as it saw fit, rather than worry about the internal company politics - like not selling Falcon to middle east because the Crown Vic was there, or not selling to the US because of the Taurus.

The US Government has a 33% share in GM.
The lower state of saxony has a 13% share in Volkswagon.

It can be done.

The US government took a stake in GM as a lender of last resort in Bankruptcy and they are
merely waiting for GM's stock price to come good before selling off the remaining interest.

It's avery bad idea for governments to buy stock in companies, assistance should only be given
when there will be return to the community in terms of increasing employment, commerce and
opportunity for increased income tax otherwise the whole thing is a white elephant.

[Nikked]

Holden set to make an annoncement regarding racing today...


300 million could buy alot of ford teams!

[pottery beige]

chicken feed compared to what joolia goolia and co have ****ed up against the wall..

moving forward it may even create real jobs...

[prydey]

Originally Posted by pottery beige

moving forward it may even create real jobs...

thats got to be better for working families....

[aussie muscle]

Originally Posted by Bossxr8

As for Holden asking for 300 mil, is there any end to GM's greed. Ford only got 30 mil and the whingers wouldn't shut up about it, now Holden are asking 10 times that.

yes, but holden is australian and ford is american. Don't you read the public's mind?

[XRtowcar]

Originally Posted by Nikked

Holden set to make an annoncement regarding racing today...


300 million could buy alot of ford teams!

Maybe the money will support HRT and the other Holden racing teams for a few years allowing the factory to spend its money on plant.

[Smoke Pursuit]

Originally Posted by svo supporter

Excellent quoting from someone that doesn't live anywhere near the plant, to know how many businesses rely on that plant being there.

I reckon the same would apply to the Ford plant.

So may I suggest, sticking your head around the areas concerned, finding out how many jobs ARE at stake if the plant/s were to close, instead of being an internet know it all.

Quoting??

I have a fair idea on how many people it affects, but at the same time the rest of us don't get handouts to keep our businesses going, we make them work! Holden especially seem to struggle with survival to the point where I think its time the government said tough luck you Americans, if you cannot make your operation viable here then go!

As I said spend the 300 million on making sure the employees get employed elsewhere or packages to retire. Holden use to employ approximately 6500 employees, but I think that number would be down to 5000 now. Thats $60,000 per person to either get them into another industry (mining for example) or pay them out to retire.

There are so many industries looking for workers its not funny, yet these poor people working for Holden and Ford keep holding on living in hope that one day they will get above industry award wages and a full 38 hour week 48 weeks of the year.

At least one of them if not both will not be here by 2016... Why throw good money after bad?

The other option is if the government lifts tariffs on imports.... But with all their silly little trade agreements (that Australia loses on most of the time) that will never happen.

[bigwil]

Regarding Holdens big announcement, im guessing its just an extension deal with 888.

[Gobes32]

Originally Posted by DASH GT

There are so many industries looking for workers its not funny, yet these poor people working for Holden and Ford keep holding on living in hope that one day they will get above industry award wages and a full 38 hour week 48 weeks of the year.

IS that true? My wife is in recruitment here in Geelong, and her exact words were "You don't want to be looking for fulltime work right about now, there is none......"

Is mining really going to save this country?

[Smoke Pursuit]

Originally Posted by Gobes32

IS that true? My wife is in recruitment here in Geelong, and her exact words were "You don't want to be looking for fulltime work right about now, there is none......"

Is mining really going to save this country?

One of the guys I know runs a recruitment business in the transport and logistics industry and cannot get enough workers! 70 kay a year to roll around on a forklift, would have to beat working for Ford wouldn't it?

Mining wont save us in the long run, but hopefully by then I am retired sitting at home playing with my cars.

[Polyal]

Well I am about to grad with an eng degree and I can tell you know there is stuff all in VIC. I am going to QLD or WA, actually pretty much anywhere depending on what program I hopefully get.

I did have an opportunity with a particular car company in Geelong, but it was in manufacturing, no thanks, ill dig in dirt for a while.

I also have a mate in Civil Eng in Melb and they are now actively searching for work contracts in QLD because VIC is quiet. Not good.