Posted: July 22nd, 2012 | Author: Michael Courtenay | Filed under: Auto News, Ford, General Motors | Tags: Australia, Australian Government Subsidies, Ford Australia, General Motors Australia, General Motors Holden | Comments Off on Fords $AU100 Million Dollar Government Gift Equates to 400 LOST JOBS
In January this year we wrote – The Cost of Keeping Auto Makers Local – as sales of Australian made large cars – GM Holden Commodore and Ford Falcon – dramatically dropped the auto makers stood in line for serious government financial assistance. GM’s Commodore 15-year run as Australia’s best-selling vehicle was ended abruptly in 2011 by the Japanese manufactured Mazda3, while Ford Falcon sales plummeted to fewer than 19,000 units in 2011.
In May we questioned the validety of Australian Government subsidies granted to the nations 2 big auto makers – General Motors & Ford – The Cost of Keeping General Motors ‘Holden’ Local, And asking the question: So Exactly How Much Does it Cost to Keep Auto Makers in Australia? At the time, the Australian Government answered the question by handing General Motors Holden more than $AU275 Million to help keep auto manufacturing in Australia.
Ford Australia in the last few days has shockingly announced the loss of 440 jobs in it’s Victorian plants.
In the case of Ford, the Australian Government granted the company $AU103 million in subsidies with the promise of plant – Geelong – upgrades and the longevity of Fords large sedan the Ford Falcon. Right about now the Federal Government, and Prime Minister Julia Gillard must be wondering if they’d simply thrown good money after bad, with Ford announcing that it will shed 440 jobs? :: Read the full article »»»»
Posted: January 12th, 2012 | Author: M.Aaron Silverman | Filed under: Auto Maker, Auto News, Ford, General Motors, Grilled, Holden | Tags: Australia, Auto News, Bailout, Business News, Co-Investment, Ford, Ford Australia, General Motors, General Motors Australia, gm, HOLDEN, Motoring News | Comments Off on AUSTRALIA: The Cost of Keeping Auto Makers Local
Sales of the Australian made large cars – Holden Commodore and Ford Falcon – have dropped alarmingly in recent years. The Commodore’s 15-year run as Australia’s best-selling vehicle was ended abruptly in 2011 by the Japanese manufactured Mazda3, while Ford Falcon sales plummeted to fewer than 19,000 units in 2011.
So Exactly How Much Does it Cost to Keep Auto Makers in Australia? Between $100 and $200 Million!?
Holden says it is getting closer to announcing co-investment from the Federal Government and parent company General Motors as it looks to secure the local manufacturing of the Cruze and Commodore beyond 2018. Ford has announced a fresh $103 million investment for it’s Falcon range of large car and Territory SUV, though the future of the Australian-built vehicles is still guaranteed only until the end of 2016. Read the full article »»»»
Posted: January 10th, 2010 | Author: Michael Courtenay | Filed under: carsales | Tags: Australia, Australian Auto Industry, Ford Australia, GM Holden | Comments Off on Australian Car Production Plunges
Car production in Australia has plunged to its lowest level since 1957, with manufacturers hit by the global economic slump and the high Australian dollar. Despite strong local car sales, helped by the federal government’s business tax breaks, exports to markets such as the Middle East and the United States have all but collapsed,Fairfax newspapers say. The industry is set to be further buffeted by a January 1 tariff cut that has lowered the price of imported models relative to locally produced cars.
Figures from the Federal Chamber of Automotive Industries show Australia produced just 225,713 vehicles last year, almost 100,000 fewer than in 2008 and 55 per cent of the output in 2004. Read the full article »»»»