Highest loss. On record. I'm sure next year they will do better... since they just fired their staff but till then where are all those people getting money to pay for their 5 investment properties that they negative gear? Your economy is screaming at you its having a heart attack and the Australian governments insists its all hunky dory.
Food for thought... look who else had a AAA rating
And it has about another 10 years left in it before they admit defeat. It costs too much to build things here.
Yer I guess. Are Australian production lines even automated? Or is it just a few hundred burley men with hammers. Unga boonga unga boonga. Every article I read about them is them taking one step sideways three steps back. For companies that operate in a sun burnt country you think they would offer solar cell and electric car packages instead of just following america
Yer I guess. Are Australian production lines even automated? Or is it just a few hundred burley men with hammers. Unga boonga unga boonga. Every article I read about them is them taking one step sideways three steps back. For companies that operate in a sun burnt country you think they would offer solar cell and electric car packages instead of just following america
Problem is, the Australian car market just doesn't have the economy of scale. Hundreds of millions in engineering and testing efforts go into cars. You can't make a car just for a country of 22 million and sell it at a reasonable price.
I also heard that Germany have a higher rate of solar panel take up than Australia - and having just been there, I'd believe it.
As unpopular as it would make me, perhaps the truth is we've been spoiled by ultra cheap power and fuel for too long and we're screaming poverty the moment it moves up?
Property speculation is a type of gambling... But everyone knows that in gambling, the house always wins in the end.
So just give them more money. Still a fraction of what we give to negative gearing and probably lots of other garbage like foreign aid. Or fuck it all together if we can have much cheaper cars?
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
So just give them more money. Still a fraction of what we give to negative gearing and probably lots of other garbage like foreign aid. Or fuck it all together if we can have much cheaper cars?
We already import a huge range of foreign cars from a variety of places. Traditional large Aussie sedans are selling fewer and fewer units (for a variety of reasons).
I quite like Japanese cars, FWIW. Not always exciting, but generally comfortable, reliable and reasonably priced.
the car industry has been screwed for 10 years. this is an utterly meaningless post.
I work in the local car industry and disagree. It has only been screwed for the last five years. And there is no hope for recovery.
Ford - just posted their biggest loss. The end is nigh for them. Toyota - 2/3 of their production is exported and are being hurt badly by the high AUD. They are under risk from other Toyota plants. Holden - will be last one standing due to the emotional connection to the local name. They will then just become a CKD plant.
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