An Australian think-tank stirs a hornet’s nest by saying government subsidies could fail to save GM Holden Ltd. from being liquidated if U.S. parent General Motors Corp. files for insolvency and sells off its global brands. The Australian manufacturers group, Federal Chamber of Automotive Industries (FCAI), slams the research, telling Ward’s the conclusions are misguided, deeply flawed and out of touch with reality. In his research paper, Oliver Marc Hartwich, a research fellow at the ...

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