World famous telescope manufacturer stops manufacturing cars in Australia
But "it was a commercially responsible decision" to stop manufacturing a useless 6 cyclinder vehicle in Australia via rather extensive corporate welfare. After we subsidised (er, sorry, "assisted") them to the tune of at least $350M (from the $2B Automotive Competitiveness and Investment Scheme as of 2002, but not including amounts such as $200M hinted at from the previous year's budget, which I can't be bothered chasing). I particularly like Howard's comments in
2002: “[the deal] ended the year-to-year uncertainty about the future of Mitsubishi in Australia”. About as short sighted as everything else Howard did and said in the other 11.5 years.
Good to see Holden and Ford are still doing the same old same old 8 cylinders. Hopefully they'll fold next.
That would certainly spare some room in the budget so that inflationary pressures are decreased.
2002: “[the deal] ended the year-to-year uncertainty about the future of Mitsubishi in Australia”. About as short sighted as everything else Howard did and said in the other 11.5 years.
Good to see Holden and Ford are still doing the same old same old 8 cylinders. Hopefully they'll fold next.
That would certainly spare some room in the budget so that inflationary pressures are decreased.