Holden Bail Out Secrecy

16/02/2012
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Premier Jay Weatherill says the details of a package offered to car giant Holden to stay in South Australia, will be revealed when the deal is signed.

It's estimated Holden would need a hand out of around 200 million dollars to keep its Elizabeth plant operational.

The opposition says South Australians are being kept in the dark when it comes to the details of the rescue package.

But Mr Weatherill says everything will be revealed in good time.

"The benefits are very clear for keeping Holden open. The cost will be revealed as soon as the boardroom in Detroit signs off on this deal. The community will have the opportunity to scrutinise this deal very carefully. The real question is, why aren't the Liberal opposition behind us in trying to secure a future for Holden?"
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Comments

Rabbi

So we continue to buy jobs for South Australia. What amazing negotiating skills this Labour Govt has. GM headquarters in the USA must be laughing all the way to the Bank. How much easier can it be. Just mention that you might close shop & the money appears like magic from a Bankrupt State Govt.
The Liberals know the facts. $ 200 Miilion to keep Holden going for another 18mths to 2 years then they will want more.
The bloody Holden Plant is finished, it has been for 10 + years. The poor Tax payers are funding the whole damn thing & missing out on everything else our Taxes are supposed to provide.
This Labour Govt couldn,t manage a breeding program on a Rabbit farm.

by Rabbi (16/02/2012)
 

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