A questionable Holden tune-up

Canberra's latest injection of $275 million into the Australian automotive industry may turn out to be justified – but only if it is used to make genuinely competitive changes and not merely buy jobs.

The $275 million question raised by today’s announcement of an injection of federal and state taxpayers’ funds into GM Holden’s car manufacturing operations is whether it is a straight subsidy or a catalyst for significant change in the nature of the business.

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