Australian government wants to give 6 billion dollars to the car industry.
How mad is it to offer 6 billion dollars to the car industry. We are coming to the end of the carbon based economy. We need new companies and government direction/initiatives to change the type of motor cars we use. I can't see Ford or Holden moving in that direction. They have shown very little initiative and have wasted years of profits which could of been used to develop alternative fuel based cars.
In fact I think Holden's latest car cost the best part of a billion dollars and it was so in the mode of powerful petrol driven cars, it was a joke.
Giving money to large corporations who are having difficulties can come unstuck.
I remember Kodak getting a big government payment, and we all know what has happened to film photography.
Same with Ford and Holden. Both companies have failed to understand the future of motorized transport. Fancy spending a billion dollars on designing a new car that doesn't use alternative fuel.
They are both corporate dinosaurs and we shouldn't be giving them another cent. If we sink 6 billion dollars into the car industry and don't expect outcomes like a totally green, air or electric car, then we are throwing our taxpayers money away. Better use it to set up a comprehensive solar/wind power electricity supply grid.
There is so much that needs to be done and very quickly, but instead we get politics and big business getting in the way of sensible alternative developments.
So no don't give billions of dollars to a couple of old failed dinosaurs. Keep it to make a better future for us all.