Getting back to the auto industry.
Australia regualrly have to bail out their Auto Industry (Ford & Holden) as these two Aussie icons continue to lose market share and are bleeding money to the tune of around AUD $1 billion a year.
Bascially, there seems no way for these guys to make a profit, but the government feels compelled to react to keep these two “companies” afloat with bailouts. The Australian government has just announced a AUD $6.7 “subsidy” for the next six years.
In a side note – I saw the American auto industry reckons that it burns through USD $1 billion each and EVERY month in it’s application for funds !!!
:Cry: