The Gillard Government has kindly provided another $200m of your tax dollars to General Motors Holden after threats that the company could withdraw manufacturing from Australia... more
In January Ford was the beneficiary of a similar $100m bailout...
While labor union AMWU understandably enthuse over the deal , concerns have been expressed both locally and internationally. In Canada Chrysler and General Motors received $14.5billion in taxpayers largesse while the USA taxpayer contributed $24.9billion to automakers .
In Canada the Public auto bailout cost $474,000 per GM employee