And look what happened. From $1.10 to $0.70 in the space of a few months. A terribly short-sighted decision from a terrible short-sighted government.
Personally, I think the federal government are being quite disingenuous with their talk that a decision has already been made by GM/GM-H. Management of the corporation have outright refuted this.
Bottom line in my opinion? The biggest issue facing GM-H right now is the relatively high dollar, making imported vehicles attractive to local buyers, and exported Commodores less competitively priced. The dollar won’t stay high forever, but letting automotive manufacturing die out will be permanent. As Devereaux said, the budgetary cost of letting the industry die dwarfs the cost of supporting it.
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