33 replies to this topic

[Ice]

Not finished yet Dave. Approx 96,000 HSVs and 126,255 of the Cruze makes the total 1,990,975.  Now,  How many zeros in a billion???

Havnt you got sheep to attend to ✌️

[Shiney005]

12 zeros in 1 billion. 1 Billion = 1,000 Million. At a tad over 2 million cars that 2 Billion dollars Govt assistance given to GMH is just under 1k per unit if my ciphering is correct.

Thanks Dave. I knew it would be nowhere near 20 grand.

 

I havent done the maths...but I recall reading at the time, that whatever it was, it was one of the LOWEST levels of Gov. support in any car producing country anywhere in the world.

Luckily...we are such a smart country, we ditched the industry and paid that money out in welfare payments. 

You recall right Col. In US dollars, each Australian forked out $18 for every car sold. Americans paid $90, and the Germans paid $96.

 

Havnt you got sheep to attend to ✌️

Haven't you got spell check on your phone?

[Shiney005]

Something else I found while digging around.

 

The direct job losses at Australia’s final three car manufacturers — Holden, Toyota and Ford — is about 5000.

But the real number is closer to 50,000 once employees at more than 120 key suppliers are taken into account, from companies that make dashboards, wheels and windscreens to the hundreds of truck drivers who transport these parts, and the cars once they’re built.

Figures show about one-third of sacked auto workers are yet to find new jobs.

The two-thirds of workers who have found employment are working part time or for less money than they were previously. That means they have less money to flush through Australia’s economy.

 

The car industry wanted $300 million a year in government assistance — shared across 120 “tier one” manufacturers and suppliers — to keep their factories running. In return each manufacturer would invest three dollars for every one taxpayer dollar.

Compare this to the astronomical amount of taxpayer funds being pledged to build navy ships and submarines: $90 billion over the next 30 years, or $30 billion over each of the next three decades.

For that money we get nine frigates, 12 patrol boats and 12 submarines — and some rubbery job figures.

Depending on whose estimates you believe, between 7000 and 15,000 people will be employed in the naval ship building industry once suppliers are included.

Being generous with government forecasts, that means taxpayers are going to spend $30 billion over the next 10 years to keep 15,000 people in job.

Suddenly what the car industry was asking for looks reasonable: $3 billion over 10 years to keep 50,000 people employed.

Translated: the car industry wanted 10 per cent of what the naval ship building industry requires — and would have employed at least triple the number of people, spread across several states.

Key automotive suppliers are based in NSW, Victoria and South Australia. The naval ship building industry will largely be based in South Australia and West Australia.

 

If $3 billion in assistance for the car industry sounds like a lot, consider this: it’s less than what it trousered over the previous 10 years, in excess of $5 billion.

Unfortunately for the car industry a change of Federal Government in late 2013 — and cuts to government funding just as key investment decisions were being made in Detroit and Japan — was the death knell for local automotive manufacturing.

Neighbouring developing countries are desperate to have a car industry, to build their economies and develop a middle class society.

In countries such as Thailand — now our second biggest source of motor vehicles after Japan and ahead of South Korea — automotive workers get an average of $6 an hour, a fraction of what their counterparts earned in Australia.

So why would multinational giants keep car factories in Australia when other countries have drastically lower wages and bigger government incentives?

Australia could have held on to the car industry if the government of the day wanted to.

But the industry needed taxpayer dollars to become a viable proposition — in the same way governments in Germany prop up Volkswagen and governments in France prop up Airbus.

Was it the right decision to let the car industry die?

The Federal Government rakes in $500 million from Luxury Car Tax each year. It could have given local manufacturers and suppliers $300 million and still had change.

Instead, will the $300 million per year that could have been spent on securing 50,000 automotive jobs now be used to support people struggling to find work? Only time will tell.

@JoshuaDowling

[Rainman]

On the other side, our defence force employ thousands. There would also be thousands of suppliers. Plus the ship building employers. What would our defence force be without defence ??

[RallyRed]

yep..a 1 and 6 zeros for Aus.

p.s. the Holden/Commodore story just got worse https://www.whichcar...ore-and-equinox

[S pack]

If it was 12 zeroes, that would be the Long scale use of 1 Billion eg: 1,000,000,000,000 which is 1 Million Milllion. This is still used in some European countries like France and Germany.

 

In most countries like UK, USA and Australia we use the Short scale of 1 Billion with 9 zeroes eg 1,000,000,000 which is 1 Thousand Million.

Yep I stuffed up, good pick up. Said 1,000 million = 1 Billion but wrote 12 zeros, meant to say 9.

I best stick to cleaning out shitters

[dascind]

The numbers actually add up to the word SCANDALOUS!

 

Or as is outlined above, ways of filling the pockets of our muppet politicians. But really, it is frightening and gut retching as hard work tax payer.