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Author Topic: Carmakers must fend for themselves  (Read 1249 times)
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WhiskeyGirl
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« on: November 10, 2008, 10:02:18 AM »

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Carmakers must fend for themselves

November 10, 2008 11:00pm

WINNERS are hard to pick. Nowhere is this more true than the Australian car industry, which has enjoyed billions of dollars of tax breaks, protection and subsidies.

Yes, the industry directly employs more than 60,000 workers, tens of thousands more work for component firms and it is the single largest part of Australia's manufacturing sector. That said, it must learn to stand on its own feet and stop relying on taxpayer handouts to survive.

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For those policymakers who may not have been around at the time, a salutary lesson is to be had in senior Labor minister John Button's car plan of the 1980s. At the time, our industry was heavily protected and highly inefficient. The Button plan basically tore down the tariff walls and exposed the industry to real competition for the first time.

The end result was that some companies such as Nissan shut up shop and others such as Holden went on to reshape their business to produce world-class, quality cars that are now exported around the globe.

read the rest here - http://www.news.com.au/couriermail/story/0,23739,24632758-13360,00.html

Will the Detroit bailout go to fund golden parachutes?  Union unemployment?  Who is going to buy all these cars?  Exports?  What are the short term goals?   How much will actually pay for research and provide future jobs? 

Research/retooling money only?  What has the industry been doing these past twenty years?  Why would they do anything different in the future? 

Any long term future?  The world (and Ford) already have a number of good efficient car choices.  Now that gas is cheap again, what is the motivation for Detroit?

Will parts be made in the US?  Cars?  Exports?  More free trade in American cars?

What is the return for future generations of Americans, other than economic/debt slavery?

There seem to be quite a few missing pieces to the puzzle.
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