Real Reason Holden / General Motors Closing in Australia

Could it be that the impending free trade agreement between Australia & South Korea has brought down Holden (General Motors) in Australia? The currency hedge in local manufacture argument is negated when they can use factories in Korea instead with their lower cost base and scale of manufacture advantages there to boot.

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About adelaidepete

Now live in Adelaide South Australia and have always worked in Systems & Software Engineering. I am enjoying commenting on, suggesting and discussing innovative solutions to problems and useful risk mitigation strategies and recently interested in the realm of public policy re urban planning & disasters - the focus of this blog. I am interested in technology, gadgetry, enhancing productivity & functionality, urban planning, military thinking and public policy. I enjoyed periods I spent in USA (Reston, Virginia Beach & Dallas) & Europe (Germany, Spain, Italy & Greece) but genuinely love Australia, most people, animals, singing, dancing & life.
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