- May 8, 2012
- 19,345
- 24,278
- AFL Club
- West Coast
Just was not profitable in a global car market where margins are so tight. Holden and Ford just could not push the volume of cars needed to offset wages and cost of manufacturing. If companies aren't profitable then the tax payer shouldn't be on the hook to bail them out. I am sad though, I loved the Aussie made CommodoreHappens all the time, how much money was pumped into the car manufacturers in South Australia just for them to peace out after 12 months of "Trying our best to be profitable". This isnt even socialism causing this, its capitalism allowing companies to use their leverage over entire states/countrys GDPs to force bailouts.