By chief political correspondent Emma Griffiths Labor's former industry minister Kim Carr says the Government could save Holden for an extra $150 million per year, and secure the entire Australian automotive industry by spending an extra $300 million per year. Senior Government ministers have told the ABC they believe Holden is on the verge of announcing it will cease production in Australia as early as 2016, but Industry Minister Ian MacFarlane says no decision has been made. Senator Carr says the Government has known for some time that preserving Holden's Australian operations would cost less than $150 million extra per year. Prime Minister Tony Abbott has ruled out giving the car maker any more money - sparking accusations from Senator Carr that jobs are being "sacrificed on the altar of economic fundamentalism". More » |
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