Australian PM 'angry' at General Motors decision

Video credit: Reuters Studio
Published on February 18, 2020 - Duration: 01:18s

Australian PM 'angry' at General Motors decision

Australian Prime Minister Scott Morrison said on Monday (February 17) that he was angry and disappointed at General Motors decision to retire the Holden brand, although not surprised.


Australian PM 'angry' at General Motors decision

Morrison added that Australian taxpayers put billions into this multinational company.

"They let the brand just wither away on their watch," he told reporters in Melbourne.

Like Britain, Australia and New Zealand are right-hand drive markets.

With sales of GM's Australian Holden brand plummeting, the company could not justify the investment to continue building right-hand drive vehicles.

"Tax payers were giving a multi-national extra money, year after year, and at the end of the day they walked away.

And I think that says everything you need to know about the success of those sorts of policies," said Morrison.

You are here

Related videos from verified sources

GM’s Cruise: Autonomous Vehicle Potentially $8 Trillion Industry 00:22
Video credit: Cheddar Inc. - Published on February 6, 2020 

Daily Dividend Report: GM, ETR, CF, ZION, NI 01:52
Video credit: Market News Video - Published on February 3, 2020 

You might like