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.
You’ve got hand it to General Motors, the makers of Holden. Its success in garnering taxpayer dollars is breathtaking. Its latest score announced yesterday -- $275 million from the Australian, Victorian and South Australian governments -- will keep the company’s Adelaide assembly plant going for the next decade.
Australian car makers are experts at getting subsidies and grants from governments. And so they should be.
Increasingly, company boards are insisting that their executives dip their snouts in the public trough if they are entitled to do so, says Adrian Spencer, the chief executive of GrantReady, a consulting company that helps companies find and apply for government grants.