One of Australia’s biggest corporate bludgers is finished

Time’s up for Holden in Australia, after having their hand out for ages in order to fund rapacious unions Holden is finally giving up the ghost.

Holden has made the decision to pull out of Australia as early as 2016, according to senior Government ministers.

The ABC has been told the announcement was supposed to be made this week but has been put off until early next year. 

Holden says discussions with the Government on its future are continuing, and it says it does not respond to speculation.

Industry Minister Ian Macfarlane says he has spoken to Holden and they have denied the reports.

The Federal Opposition has warned Holden would make the decision before Christmas if the Government did not announce an assistance package for the industry before then.

First Ford, then Holden, it can’t be far off Toyota pulling the pin as well.

This is the problem with subsidies..eventually they run out of change and if you business relies on them then it is game over.

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