Analysts have loudly declared the end of petrol-powered cars, following the announcement of Tesla's Model 3 electric car.
The US dollar is on the rise. And other business tidbits of the day.
A final handout to car multinationals illustrates how the Abbott government's policy and political judgement is entirely gone.
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.
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.
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.
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.
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.
Labor giving yet more money to the parasites of Detroit and Tokyo subtly undermines its otherwise sound campaign pitch, that the economy needs support.
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.