Bye bye Holden, corporate bludging is over

Holden has announced that they will bludge no more off of the Australian taxpayer.

Sixty-five years after it first began producing cars in Australia, Holden has confirmed it will cease local manufacturing in 2017.

Holden released a statement saying it would “transition to a national sales company in Australia and New Zealand” from 2017.

“This has been a difficult decision given Holden’s long and proud history of building?vehicles in Australia,” said Holden chairman and managing director Mike Devereux.

“We are dedicated to working with our teams,?unions and the local communities, along with the federal and state governments, to?support our people.”?

Acting prime minister Warren Truss confirmed he had spoken with Holden’s Australian boss Mike Devereux about 10 minutes before Question Time, when he informed Mr Truss that the decision had been taken at the company’s headquarters in Detroit.

The move ends weeks of intense speculation and years of uncertainty surrounding the General Motors’-owned brand’s Adelaide production line and Victorian engine plant from the company that was formed in 1856 and first started manufacturing cars locally in 1948.

Part of the problem is right there in his statement bout working with the unions…that is where many f their problems lie. Toyota is next.

The Holden announcement is also almost certain to force Toyota to follow suit, which relies heavily on the 160-odd component makers that rely on economies of scale to maintain competitive prices.

But the determination of the recently-elected Tony Abbott-led Liberal government to cut vital funding to the industry also contributed.