ozzieeagle

Wait till Korea Unifies then we'll see some money spent.

chris955

No.

chris955

The high dollar is going to take a huge toll on not only car manufacturing but anything else that relies on export markets.
http://afr.com/p/business/companies/...V5zXoiwDHuDuhI

the troubadour

Thought the housing market was being subsidized by the tax payer with first home buyers grant. True free market capitalism would have seen the housing market plunge considerably more by now.
What countries in the world follow this in the true sense. Most if not all back up various parts of their economy with subs here and subs there.

commonwealth

first homebuyers grant? can hardly buy a good car for same amount.

chris955

And your point is

commonwealth

Add to that the relatively high interest rates. A lot of room to move.

commonwealth

Its minimal intervention.

chris955

What is that in relation to

Vash the Stampede

I live 5 minutes from the Holden factory. They employ about 2,500 people there. If Holden died, most should be able to find roles in an alternative business, with or without retraining. Others would receive generous redundancy packages, as in the case of Mitsubishi. So I'm not losing sleep over the prospect.

It beggars belief that this inefficient corporation is still being fed millions of taxpayer dollars every time it catches a sniffle. If private industry doesn't want government interference, it shouldn't accept government money.

Can't compete in the current market without taxpayer-funded subsidies? Tough. Not interested, don't care, not my problem. Let these failing corporations die, and get their hands out of my wallet.

chris955

I do actually agree, sink or swim but for car industries it seems different for some reason. Governments the world over will just keep pouring more and more money into them.
2500 people would find it hard to find new employment in one area I would imagine but that is no reason to keep it open losing more and more money. Of course you also have to add the 1000's employed by the parts manufacturers as well. Also Elizabeth has pretty high unemployment rate so from the Governments point of view it looks better to pay the company to stay in business.

ozzieeagle

Just a side note for you Vash (and anyone else thats interested) re Aus Post and the abolition of Night Shift as decreed by Head Office. Well 'all good plans" as they say.... It looks like they cant do it... Reason being the High Aussie dollar has meant such a surge in overseas parcels into Aus that any decrease in traditional mail is now being replaced by small parcels from overseas. Not sure how long this will continue. This growth sure has thrown their 'letter" planning to the schitzenhausen. I think the key was how many small rather than large overseas parcels we are getting... which means the posties can deliver rather than the parcel drivers.

The growth in small overseas parcels shows no signs of abating either, if anything it's still gaining momentum at quantam levels.

I'm not exactly enthralled about this, as I wanted to go onto days sooner than the current status quo of when the Dust Settles.... June 30th 2012 was supposed to be our last full night shift.... I dont think thats going to happen now.

roaringmouse

Australian banks including the Reserve Bank did however go to the US Federal Reserve for emergency funding.

commonwealth

Australian Monetary Policy.

commonwealth

It's a currency swap / liquidity facility in place. Neither bank bailout nor quantitative easing. Nothing to do with a collapsing balance sheet quality.