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Thu 12 Dec, 2013

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Tony Abbott to meet premiers of SA, Victoria over Holden closure

PM Tony Abbott will meet the premiers of Victoria and South Australia today in the wake of Holden's decision to end its Australian manufacturing operations.

Australia's entire car-making industry and tens of thousands of jobs have been thrown into doubt by Holden's decision to close down by the end of 2017.

Mr Abbott says a package of measures will be announced soon to help the areas affected by Holden's closures.

SA Premier Jay Weatherill has described Holden's decision as a "body blow" to his state, while Victoria's Dennis Napthine says the Government needs to make sure Japanese car giant Toyota does not close its Australian operations.

The Australian Industry Group says Holden's closure should be a wake-up call for the business sector and shows local businesses need to do more to compete globally.

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The Drum

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Holden first in era of tough decisions

The Holden issue was a debate framed not economically, but against the traditional values of our politics, with the government and Holden squaring off in a tense stalemate this week.

In the end, the government was spared and no doubt pleased that blame might be sheeted to its predecessor.

But the end of Holden is not the end of this moment of continuing complexity and adjustment for our economy, and - hopefully - our politics.

For all of us, the era of tough decisions is only just beginning.

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Just In

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'Forced removal' prompts compensation fight

A man is fighting for compensation from the SA Government for what he claims was his forced removal from his father.

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World

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Brooks exchanged hacking 'banter' with rival editor, court told

Rebekah Brooks, the former head of Rupert Murdoch's British newspaper business, exchanged banter with rival editor Piers Morgan at a dinner party in 2003 about hacking each others' phone messages, a court has heard.

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Business

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Holden to stop making cars in Australia by 2017

Australia's entire car making industry and tens of thousands of jobs have been thrown into doubt by Holden's decision to close down.

Nearly 3,000 Holden workers are set to lose their jobs over the next four years as the iconic manufacturer winds down its Australian manufacturing operations.

The decision has prompted Toyota - the only other car manufacturer in Australia - to warn that it will put "unprecedented pressure" on its ability to build cars in the country too.

General Motors Holden has announced the company will stop making vehicles by the end of 2017 - ending 65 years of building cars in Australia.

Prime Minister Tony Abbott says it is "dark day" for manufacturing in Australia.

"But there will be better days ahead. It is my determination ... to work with the people of Australia to ensure that the strengths of our society continue to be built on," he told Parliament.

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Politics

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'Forced removal' prompts compensation fight

A man is fighting for compensation from the SA Government for what he claims was his forced removal from his father.

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Sport

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Demetriou knew Hird was being paid: Tania Hird

Tania Hird says AFL boss Andrew Demetriou knew her husband James was being paid during his 12-month ban.

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Science and Technology

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Tech giants call on US to reform surveillance laws

Eight leading US-based technology companies have called on the US government to overhaul surveillance laws following the revelations of online eavesdropping from fugitive US intelligence leaker Edward Snowden.

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Environment

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Forestry industry urges Abbott Government to honour peace deal

The Abbott Government is under pressure from the Tasmanian forestry industry to reverse its election promise to scrap a peace deal.

Two of the biggest and most influential players have told 7.30 it has allowed them to expand and create jobs for the first time in years.

The deal, known as the Tasmanian Forests Agreement, was signed in late 2012 and is an attempt to end decades of division and conflict between loggers and environmentalists that crippled the industry.

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