An irate South Australian Premier Jay Weatherill is threatening to withhold agreed funding for GM Holden after the auto maker announced 500 job cuts yesterday, 400 of them at its Elizabeth plant, in a bid to survive as a manufacturer. The state premier says the company’s decision is “inconsistent with the terms agreed” for a co-investment package it negotiated last year with the federal and state governments to support GM Holden's future in Adelaide until at least ...

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