Abbott, Hockey et al would have you believe that GM have made a decision to cease manufacturing in Australia. Kim Carr and Jay Weatherall have been saying that GM were willing to continue and had specified exactly what was required. My recall is that Weatherall said they wanted the Government to chip in $130 million. Carr told Waleed Aly that the price was significantly less than $150 million. Carr said further that the hectoring and bullying by Hockey, Abbott and others clearly let GM know they were not wanted.
I think Carr is right. The Government wanted to make the decision look as though it was made by GM alone and to a degree they have succeeded.
Tim Colebatch, in a column written before the decision was announced (sadly, his last) was clear that the decision was made by Abbott. He thinks it could precipitate a recession. And:
car programs cost $400 million a year, nothing like the $3 billion a year for diesel fuel rebates to mining companies, or the $5 billion to subsidise negative gearing. The budgetary cost of losing this industry will dwarf the cost of keeping it.