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Brace for the r-word: steady job figures mask a sluggish economy

There’s no need for alarmism: the Australian economy will cope with the job losses generated by Holden, Qantas and other closures, Glenn Dyer and Bernard Keane write.

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Right decision, but Coalition car chaos shows need for economic vision

The mishandling of the Holden decision by the Abbott government reflects the need for a real economic strategy — one that perhaps only Joe Hockey could provide.

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Shuttering Holden won’t cost underinvesting GM much

The small losses General Motors will take on closing Holden reflect how little it has invested in local production, Glenn Dyer and Bernard Keane write.

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New GM boss unlikely to change her mind on Australian closure

The new CEO of General Motors is unlikely to reverse the company’s reported decision to close its Australian operations — she’s the one who made it, Glenn Dyer and Bernard Keane report.

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Time to get real on the (in)significance of the car industry

The car industry is a footnote in the Australian economy, not the huge employer it once was. Its loss will have limited economic impacts, and now is a good time for tough decisions.

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Labor’s car pitch a poor fit with its economic story

Labor giving yet more money to the parasites of Detroit and Tokyo subtly undermines its otherwise sound campaign pitch, that the economy needs support.

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One handout too many: General Motors should go back to Detroit

It’s time to end automotive assistance. General Motors’ demand for a wage cut shows this is one industry not worth keeping, say Crikey’s Bernard Keane and Glenn Dyer.

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Holden does it again: how the subsidy king fills its coffers

You’ve got hand it to General Motors, the makers of Holden. Its success in garnering taxpayer dollars is breathtaking, writes Kath Walters, editor of LeadingCompany.

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Gillard’s $215m ‘strategic
investment’

It’s not a hand out, Julia Gillard said today about her, well, handout — and those of the Baillieu and Weatherill governments — to US multinational General Motors to keep making cars here until 2022.

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The car industry’s (not so) merry-go-round

It’s only three years since the car industry was last rescued. Meantime, other parts of manufacturing have got on with the job of lifting productivity.

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Ford bailout reignites car manufacturing
debate

Crikey media wrap: Kim Carr’s announcement yesterday of a $103 million cash injection for Ford Australia has reignited the debate about the viability of Australia’s automobile manufacturing sector.

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Washington Post | COMPANIES|

Bailout beneficiaries generously funding candidates

US companies such as General Motors and Chrysler that received federal bailout money are giving generously to political candidates - even those who campaigned against the bailout legislation, writes T.W. Farnam.

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New York Times | COMPANIES|

No more Chevy to the levee or the Chevy will die

General Motors is banning the use of “Chevy” as a nickname for Chevrolet, so as to have a consistent brand message. But since Chevy has wiggled its way into popular culture, the move mightn’t be a smart one.

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UK tax! Now that’s a real tax … China wants America’s bonds … Going broke the only growth sector …

General Motors is back in the black … China is still doing its bit to prop up the US deficit … Countries defaulting? Poll says it’s a chance … Going broke it just about the only growth industry in the US …

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No stunning rebound in car sales … lamb prices on the up … the latest on the Shell game

Selling Volvos gives Ford a boost and a better result than GM while in Europe, car sales were solid, sheep numbers are dropping while the price of lamb isn’t and other business news.

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Wall Street Journal | COMPANIES|

How Hummer crashed and burned

After dropping sales and a failed US$150m deal with a Chinese equipment maker, General Motors is to scrap the famed Hummer line of oversized SUVs. WSJ examines how the deal collapsed.

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Jalopnik | COMPANIES|

Saab is dead

Unable to find a buyer for the brand, General Motors is killing off Saab after 62 years of production, sending it to join Saturn, Pontiac and Oldsmobile in the big GM caryard in the sky.

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Corporate coup rocks General Motors

General Motors may be struggling, but that hasn’t stopped a corporate coup from happening in the boardroom in the last few hours, with CEO of just eight months, Fritz Henderson, resigning.

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Wal-Mart’s failure is the US writ large

However Wal-Mart’s sales grow, so grows the US economy — and in the past two quarters it’s been a miserable story from the retailer: some store sales have sunk, as overall retail sales have drifted lower.

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New York Times | COMPANIES|

Bailed-out execs face 90% pay-cut

The US government is set to order the companies that received the most money in last year’s Wall St bailout to slash compensation for their top executives.

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China Daily | COMPANIES|

Hummer to go “lean and green”

Hummer are planning to revamp their image as “gas-guzzling, road-hogging, oversized machines rich people buy to flaunt their wealth.” Good luck with that.

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GM reinvention ad — spoofed

Remember General Motors’ attempt to refresh its brand? It’s not death, it’s rebirth… Now comes the inevitable piss-take.

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Der Spiegel | COMPANIES|

GM’s rear vision

General Motors’ groupthink at management level means the writing was on the wall years before its bankruptcy.

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USA Today | PLAYERS|

The billionaire who’s buying GM’s Saturn

USA Today chats to Roger Penske, racing fanatic, America’s second largest car dealer and now the man who’s buying General Motors’ Saturn brand.

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Qantas responds to Crikey about inflight news censoring

Qantas does not seek to influence Channel Nine’s on air content. We do exercise this right of veto for items we believe may distress or offend our passengers, writes Michael Freedman.

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Womens Agenda

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Smart Company

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StartupSmart

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Property Observer

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