The killing-off of Holden as a brand and a line is more symbolic than real. But what a symbol it is.
Since Joe Hockey dared General Motors to leave in 2013, a fundamental political change has seen Australia re-embrace protectionism, at a far higher cost than the car industry.
Good morning, early birds. Scott Morrison intends to push for a technology target rather than agreeing to net-zero emissions by 2050, and the Australian media has given Holden a send-off. It's the news you need to know, with Chris Woods.
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.