Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:12 PM

GasBuddy News Article

39
votes
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.


Read the Full Article

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
Profile Pic
rjhenn
Champion Author Des Moines

Posts:28,445
Points:2,808,820
Joined:Aug 2005
Message Posted: Mar 23, 2012 5:45:05 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]
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,409
Points:1,189,575
Joined:Sep 2011
Message Posted: Mar 23, 2012 12:28:34 PM

Thank you for posting.
Profile Pic
N5EXY
Champion Author Austin

Posts:8,137
Points:2,122,595
Joined:Jul 2004
Message Posted: Mar 23, 2012 6:49:06 AM

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

Posts:28,445
Points:2,808,820
Joined:Aug 2005
Message Posted: Mar 22, 2012 11:00:04 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.
Profile Pic
GoGoGoodyear
Champion Author Los Angeles

Posts:4,470
Points:817,715
Joined:Mar 2010
Message Posted: Mar 22, 2012 8:37:21 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.
Profile Pic
ProRogue
All-Star Author Vancouver

Posts:512
Points:1,286,995
Joined:Dec 2008
Message Posted: Mar 22, 2012 8:29:53 PM


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

Sad. True.
Profile Pic
boborobot
All-Star Author Michigan

Posts:765
Points:969,455
Joined:Dec 2011
Message Posted: Mar 22, 2012 8:27:13 PM

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

Posts:6,940
Points:1,506,910
Joined:Nov 2010
Message Posted: Mar 22, 2012 8:19:30 PM

ok
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,134
Points:525,135
Joined:Dec 2011
Message Posted: Mar 22, 2012 8:18:57 PM

Thanks for story. No comment
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,331
Points:994,560
Joined:Feb 2008
Message Posted: Mar 22, 2012 8:16:45 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.
Profile Pic
ratones1
Champion Author Los Angeles

Posts:3,328
Points:1,227,435
Joined:Mar 2011
Message Posted: Mar 22, 2012 8:16:08 PM

hhhhhhhhum...
Profile Pic
ratones1
Champion Author Los Angeles

Posts:3,328
Points:1,227,435
Joined:Mar 2011
Message Posted: Mar 22, 2012 8:15:27 PM

wow...
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,505
Points:1,720,355
Joined:Nov 2004
Message Posted: Mar 22, 2012 8:15:24 PM

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

Posts:4,089
Points:1,332,505
Joined:Jan 2011
Message Posted: Mar 22, 2012 8:14:39 PM

SERIOUSLY!?
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,331
Points:994,560
Joined:Feb 2008
Message Posted: Mar 22, 2012 8:14:06 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?
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Mar 22, 2012 8:12:06 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.
Profile Pic
Hoporrene
Veteran Author Mississippi

Posts:312
Points:206,970
Joined:Dec 2011
Message Posted: Mar 22, 2012 8:08:26 PM

umm..wow
Profile Pic
carefrey
Champion Author Orlando

Posts:8,007
Points:1,752,295
Joined:Sep 2009
Message Posted: Mar 22, 2012 7:57:31 PM

Okay!
Profile Pic
YodaON
Champion Author Ottawa

Posts:5,480
Points:1,382,310
Joined:Jan 2011
Message Posted: Mar 22, 2012 7:54:49 PM

Should help poor GM
Profile Pic
TDIdave
Champion Author California

Posts:5,935
Points:1,784,500
Joined:May 2006
Message Posted: Mar 22, 2012 7:52:05 PM

hmmm.
Profile Pic
stephen2155
Champion Author North Carolina

Posts:5,270
Points:1,251,705
Joined:Jun 2011
Message Posted: Mar 22, 2012 7:51:56 PM

Ok
Profile Pic
swrestler
Champion Author Grand Rapids

Posts:8,750
Points:2,183,090
Joined:Oct 2008
Message Posted: Mar 22, 2012 7:51:03 PM

GM All The Way...
Profile Pic
ShabbyPA
Champion Author Pennsylvania

Posts:2,880
Points:694,865
Joined:Nov 2007
Message Posted: Mar 22, 2012 7:48:25 PM

whatever
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:10,102
Points:2,281,755
Joined:Jul 2005
Message Posted: Mar 22, 2012 7:47:06 PM

GM hand outs.
Profile Pic
JDisNo1
Sophomore Author Twin Cities

Posts:129
Points:91,770
Joined:Jan 2012
Message Posted: Mar 22, 2012 7:46:56 PM

ok
Profile Pic
warlord1
Champion Author Georgia

Posts:7,423
Points:1,622,005
Joined:May 2010
Message Posted: Mar 22, 2012 7:46:41 PM

ok
Profile Pic
Busymomma56
Sophomore Author Utah

Posts:229
Points:63,645
Joined:Mar 2012
Message Posted: Mar 22, 2012 7:44:03 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?
Profile Pic
69Bonne
Champion Author Gary

Posts:3,078
Points:941,995
Joined:Sep 2005
Message Posted: Mar 22, 2012 7:42:04 PM

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

Posts:12,213
Points:2,943,230
Joined:Mar 2006
Message Posted: Mar 22, 2012 7:41:52 PM

That's nice
Profile Pic
toneOH
All-Star Author Ohio

Posts:577
Points:34,025
Joined:May 2011
Message Posted: Mar 22, 2012 7:36:55 PM

right
Profile Pic
blitzntj
Champion Author Jacksonville

Posts:6,335
Points:1,310,185
Joined:Dec 2007
Message Posted: Mar 22, 2012 7:36:45 PM

Ok
Profile Pic
justme48
Champion Author New Jersey

Posts:5,154
Points:1,122,475
Joined:Jun 2011
Message Posted: Mar 22, 2012 7:35:58 PM

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

Posts:6,457
Points:2,415,930
Joined:Jun 2007
Message Posted: Mar 22, 2012 7:35:14 PM

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

Posts:2,717
Points:350,855
Joined:Dec 2006
Message Posted: Mar 22, 2012 7:33:14 PM

OK
Profile Pic
jpd683
Champion Author Scranton

Posts:3,909
Points:1,544,555
Joined:Jul 2005
Message Posted: Mar 22, 2012 7:32:19 PM

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

Posts:5,063
Points:2,013,720
Joined:Mar 2007
Message Posted: Mar 22, 2012 7:31:40 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.
Profile Pic
rumbleseat
Champion Author Winnipeg

Posts:25,338
Points:3,832,570
Joined:Oct 2002
Message Posted: Mar 22, 2012 7:30:07 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.
Profile Pic
bra0712
Champion Author Arizona

Posts:5,550
Points:1,346,610
Joined:Nov 2008
Message Posted: Mar 22, 2012 7:29:02 PM

K
Profile Pic
shea33
Champion Author Pensacola

Posts:4,995
Points:1,155,815
Joined:Oct 2011
Message Posted: Mar 22, 2012 7:23:54 PM

keeping the company going
Profile Pic
Topshopper2011
Champion Author New Jersey

Posts:1,832
Points:459,940
Joined:Aug 2011
Message Posted: Mar 22, 2012 7:21:17 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.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,200
Points:1,140,515
Joined:Nov 2011
Message Posted: Mar 22, 2012 7:20:31 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.
Profile Pic
Car54BC08
Champion Author British Columbia

Posts:6,819
Points:2,110,370
Joined:Jun 2008
Message Posted: Mar 22, 2012 7:13:18 PM

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

Posts:2,383
Points:1,037,260
Joined:Mar 2011
Message Posted: Mar 22, 2012 7:08:49 PM

More subsidies
Profile Pic
stevencr
Champion Author Ohio

Posts:8,313
Points:2,047,965
Joined:Mar 2009
Message Posted: Mar 22, 2012 7:04:51 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.
Profile Pic
96sc1
Champion Author El Paso

Posts:8,518
Points:1,367,835
Joined:Mar 2008
Message Posted: Mar 22, 2012 7:02:10 PM

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

Posts:15,605
Points:3,069,285
Joined:Apr 2004
Message Posted: Mar 22, 2012 6:59:48 PM

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

Posts:6,564
Points:1,492,370
Joined:Apr 2008
Message Posted: Mar 22, 2012 6:59:38 PM

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

Posts:11,319
Points:1,261,365
Joined:Jan 2008
Message Posted: Mar 22, 2012 6:58:17 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?"
Profile Pic
singlemom27
Champion Author Ventura

Posts:5,694
Points:1,242,600
Joined:Apr 2011
Message Posted: Mar 22, 2012 6:58:03 PM

good
Profile Pic
REVLAW
Champion Author San Antonio

Posts:13,091
Points:2,618,675
Joined:Jul 2007
Message Posted: Mar 22, 2012 6:56:17 PM

K
Post a reply Back to Topics