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The Pub For General Automotive Related Talk |
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16-08-2019, 12:35 PM | #751 | |||
Rob
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As mentioned by jpd, people fail to consider the revenue generated by the industry back to the govt in taxes and to the local industry in employer spending. That's just one example. What's done is done, and I do believe it didn't have the volume to survive but there was less and less reasons to encourage them to stay in the end.
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16-08-2019, 01:33 PM | #752 | |||
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16-08-2019, 01:52 PM | #753 | ||
Rob
Join Date: Sep 2006
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I often smile at these sort of comments, like you can choose how your tax gets spent. You pay tax. That's it. You don't get to choose where it goes or how it's spent.
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16-08-2019, 02:41 PM | #754 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
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So many more business's that recieve tax payer funding that simply don't deserve it compared to what the auto makers did. I'm all for our government supportly local industries. Un-australian to disagree with it. Would you rather all our manufacturers and business's to pack up and go to china? |
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16-08-2019, 03:16 PM | #755 | ||
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So true but Ford kept taking co-development money from the government in 2012 for the 2014s
we should be grateful that Ford was generous not to chop off production in 2008 with BF3 and no FG all thanks to Kim Carr flying overseas to convince Ford to proceed with a $700 M FG product cycle. |
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16-08-2019, 03:22 PM | #756 | |||
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Kevin Rudd throwing out a $30 Billion bridge at the start of the GFC, the right wing fashists called him nuts but it avoided a massive recession here... |
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16-08-2019, 03:26 PM | #757 | |||
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16-08-2019, 03:42 PM | #758 | |||
BLUE OVAL INC.
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Holden had 2500 employee's, if they each paid $100pw tax then that's 13m a year returned and then you leave 2500 people spending the rest of their pay packet in shops paying taxes and their employees wages which who also pay tax and so the wheel turns. Many of these production line workers have done nothing but that all their lives, they don't know anything else and have struggled to find meaningful employment, once the generous severence packages run out they'll be back on the government teat by way of new start or pensions. Nothing other than reducing our skilled labour pool came from closing the industry and the corporate giants are now sucking more from Aussie wallets via overpriced imports. |
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16-08-2019, 03:46 PM | #759 | ||
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err.. that $30 billion bought a few Plasma TVs which Ironically nobody wants now as they uses too much power
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16-08-2019, 03:55 PM | #760 | ||||
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Last edited by jpd80; 16-08-2019 at 04:01 PM. |
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16-08-2019, 04:18 PM | #761 | ||
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Just putting a humorous spin on it but its largely correct, the $950 mostly went to retailers selling imported products like Harvey Norman. it kept Clive Peeters going for another 12 months maybe
The road and school infrastructure projects were going to happen anyway, more spin. The pink batts didnt just have Tragic outcomes. its another example of creating an industry then dumping it. leaving more unemployed. besides that the Government was in Surplus thanks to the previous mob. but then we started a 250 Billion roller coaster ride..
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16-08-2019, 04:27 PM | #762 | |||
Peter Car
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Location: geelong
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Every auto industry is supported by government. Do they do it for no reason, or because there are significant benefits to do so? And just because you have a salty opinion doesn't make it right. The economic benefits made it worth every dollar spent. It did get to the point it was unfeasible at the end though. But that defeats the point of it. Government got a hell of a lot more money back than what it spent. They routinely sprouted the economic benefits when they made funding announcements. They don't just **** it down the drain and never see a cent back. |
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16-08-2019, 04:48 PM | #763 | |||
Ford screwed the Falcon
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myki East-West link Sky rail The Greens Party Just to name a few
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16-08-2019, 05:33 PM | #764 | ||
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Next time they fire Rudd dollars at you, you may wish to dump it in silver or bottles of whiskey or bitcoin and watch the currency hyperinflate and smile
I considered mailing a Zimbabwe 100 Trillion dollar note to the ECB back in 2011 at the height of the Greece crisis to bail them all out
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16-08-2019, 06:11 PM | #765 | |||
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16-08-2019, 06:15 PM | #766 | ||
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It was the car industry and other engineering firms that got us through WWII when the UK couldn't supply us. The Beaufort bombers and other planes made here were constructed by a huge number of sub contractors. OK we didn't make complete cars pre war but we had a sizeable industry. If we ever needed anything like that again we would be hard pressed to do it without an engineering industry.
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16-08-2019, 09:02 PM | #767 | |||
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Dr Terry |
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16-08-2019, 09:38 PM | #768 | |||
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Ok back on topic I think I've said this before, but Australian car manufacturing may have stood a better chance if they built Hatchbacks, medium SUVs and 4x4 dual cab utes. That's all the people want these days it seems. |
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16-08-2019, 10:07 PM | #769 | ||
Rob
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True, but the 3 marques that were here were already building these cars in other factories around the world in much larger volume and cheaper. Why build them here where wages are high and there is lots of red tape?
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16-08-2019, 10:18 PM | #770 | |||
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You can pretty much pinpoint the moment of the industry's demise to the 2008 meeting of Mulally and Rudd.
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16-08-2019, 10:59 PM | #771 | ||||
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Don't get me wrong, I'd love to live in a world of Randian capitalism making really cool stuff, but it doesn't exist presently. Quote:
Given the other thread, can someone render an AU1 Forte hatchback?
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17-08-2019, 06:55 AM | #772 | ||
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@Sprintey,I understand where you are coming from but as I alluded to,how much do you keep “throwing” @ these companies?(I know it happens all around the globe.) but for me it has never sat well.We subsidised these companies for years.To what extent has this helped? Obviously it hasn’t,because as we all know they pulled up stumps & left.They are certainly not loyal to this country.Cheers.
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17-08-2019, 07:33 AM | #773 | ||||
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17-08-2019, 07:43 AM | #774 | |||
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17-08-2019, 08:59 AM | #775 | |||
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If Ford, Holden, Toyota ( and all the other car companies who have packed their bags and left ) were wholly Australian owned, the argument would have more credibility. GM, since the GFC and their 'bankruptcy', seem to garner all their profits from Govt subsidies from various countries. The latest was South Korea where the Astra/Cruse was produced. That plant was shut after subsidies were not increased in line with GM demands. It is not about building (good, exciting, reliable ) cars, it is all about share price now. |
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17-08-2019, 10:02 AM | #776 | |||
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A poster above suggested that Holden/Ford etc. could've survived if they had built 4WD utes or SUVs. Without serious subsidies (& good export volumes) how do we compete against some of these (very) cheap Asian countries. Dr Terry |
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17-08-2019, 10:19 AM | #777 | |||
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Ford stayed in manufacturing here long after most would have pulled up stumps and left, the fact that so many years yielded little or no profit was purely and simply because most of the funding and resource spending done here, stayed here and didn't get siphoned back to the USA. Now compare that to your non-involved free market where the greater part of our vehicles come from Asian manufacturers. Yes, we lift the 10% GST from all vehicles as before but that's not an import tax and their profits on vehicles sold in Australia are now price transferred beyond the government's reach. It's that drain away from the days when Ford and Holden dominated sales and all that earnings and business activity was here - that's what's been lost with low cost Asian cars and the ending of the local car industry, massive bleed off of revenue leaving our country - we're being pilfered blind. Ford, GM and Toyota basically left because the government gave them no reason to stay. We used to encourage investment in this country, now we're only too happy to tell them go FO to Asia. Ford is still here developing vehicles and generating some business activity, it just on another level. Last edited by jpd80; 17-08-2019 at 10:28 AM. |
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17-08-2019, 10:23 AM | #778 | |||
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you're retired three years and then you die..... |
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17-08-2019, 10:27 AM | #779 | |||
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17-08-2019, 10:30 AM | #780 | |||
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