**GM preparing for bankruptcy**

[galaxy xr8]

Originally Posted by Dave_au

Stop getting so emotional over it, simple macroeconmics suggests that Australia should stay out of car manufacturing and most manufacturing altogether, and it's unlikely that the industry will be viable in the long run.

Demand forces over the next 20-30 years will probably force production to go offshore as it is anyway, the belief everywhere in finance, banking and accounting is that fundamentally our automotive industry system is flawed against global competition and purchaser preferences and it's a losing battle.

According to the Australian Newspaper back in 2008, the automotive sector receives 55 per cent of all government support for the manufacturing sector, despite employing only 2.5 per cent of the sector’s workforce.

Look at the history of the last 20-30 years of automotive manufacturing in Australia and see how it's in such a dire state, we have had Nissan, Chrysler then Mitsubishi, Leyland, Mazda, Mack Trucks all exit, and that's just a few.

Finally someone that has some common knowledge in the industry.

I'm sure those that have posted about my comment on a certain CEO's feeling's have the sense and experiance behind them to back up such statement's.