I heard an interesting talk this morning on ABC radio saying that Chinese manufacturers like Geely & Cherry would give almost anything for Holden's expertise. I wonder..
This is a very black day for Australia. Holden was much more than a car manufacturer, it provided an engineering career path that spread far beyond cars and established Australia as a leader in hi tech engineering. That is now gone. This government's incredibly short sighted stupidity will go down as the one that opened Australia's door to the third world. It is beyond belief that they encouraged this.
Don't doubt for a moment that China won't have a part in the fallout from this situation....GM exists at the pleasure of the Chinese, as market dynamics dictates Asia as their new global focus, after all. Detroit is now merely an outpost, and the players there--Akerson, Barra, Reuss, et al, are window dressing for domestic consumption, there to keep people actually interested in owning a "new GM" global product.
I'm not sure I comprehend the need for government subsidy participation to keep domestic auto design & manufacturing in Oz, but it definitely should be a further object lesson for us here about the level of government involvement in ANY industry--and what happens when that industry becomes reliant on support FROM a government that has it's own interests ahead of private enterprise--we are seeing the results clearly in the Ford & Holden meltdown(s)--just as another industry--"health care" as we have known it--is being decimated here in the US, as a result of government action.
....it should not have come to this
Indeed, and that is the saddest part of the whole thing....