SA govt might increase assistance to Holden

There are reports that SA Premier Jay Weatherill is considering an increase in assistance to struggling car maker GM Holden.

According to The Australian, Weatherill has hinted more money could be made available to save Holden, following reports last week that the company was seeking nearly double the amount in state and federal subsidies that it is currently receiving. A strong case would, however, have to be made.

"Of course, it's not a blank cheque, but we're prepared to do the appropriate things to make sure there's a long-term sustainable future for Holden in South Australia," Weatherill told The Australian.

"…I'll do whatever is necessary to make sure that we get the right arrangements for Holden. I think that this is going to be dealt with in the near-term."

Holden’s future in Australia will be decided when its parent company General Motors meets in Detroit in September.

The company’s Australian subsidiary last week dismissed reports that it was seeking a large boost in its government assistance as speculative.

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