ANNOUNCEMENT 22 Mar 2012In March 2012, the government of Australia announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Australian Prime Minister. (22 March 2012). Speech to GM Holden, Canberra. Available at http://www.pm.gov.au/press-office/speech-gm-holden-canberra
On 22 March 2012, the Prime Minister of Australia announced a joint investment of Austrlian government bodies and the car maker Holden, a subsidiary of General Motors.
On the condition that the car maker continues to produce in Australia until 2022, Australian federal and state governments have provided AUD 275 million (USD 285 million) to support Holden in the development and production of more energy efficient cars. As part of the deal, Holden has commited "more than a billion" Australian Dollars to the same project.