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From The Australian:
THE federal government’s productivity commission review of the auto sector will spell the death of Australia’s car manufacturing industry, South Australian Premier Jay Weatherill says.
Mr Weatherill says the Commonwealth’s approach to the industry, including embattled car producer Holden, is reckless.
The premier has told a meeting of component producers in Melbourne that Holden has made it clear the federal government’s timeline for deciding on future financial assistance is not consistent with the company’s own plans.
But he says the government has decided to press ahead with the review regardless.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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