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  • Holden: Last vehicle rolls off production line as Australian car manufacturing ends

    20 October 2017 4:03 AM 105

    The Holden production line in northern Adelaide has shut down for the last time, ending 69 years of Australian-made car manufacturing. Workers posed for photos with the final car made as they marked the plant's closure. The Elizabeth plant opened in 1963 and at its peak, between June 2003 and July 2005, produced 780 vehicles per day, including the VY Commodore

  • Holden chased out of the country by the Coalition in 2013, SA Premier Jay Weatherill says

    20 October 2017 1:37 AM 105

    Holden was chased out of the country by the federal Coalition, SA Premier Jay Weatherill has said as he farewells the company that has been producing Australian-made cars since 1948. In 2013, the Coalition, led by former prime minister Tony Abbott, refused to increase its subsidy to the Australian car-manufacturing industry, which had been suffering

  • Virgin plane makes emergency landing after striking eagle at Melbourne airport

    20 October 2017 12:32 AM 329

    A passenger plane bound for Brisbane has been forced to make an emergency landing at Melbourne airport after it hit a large bird, believed to be an eagle. Virgin Australia flight VA319 made the emergency landing at 9.45am on Friday after the pilot decided to turn back, suspecting the plane hit a bird mid-flight. "Upon suspecting a bird strike, the pilot

  • Australian car manufacturing reaches the end of the line, as Holden closes Elizabeth factory

    19 October 2017 11:18 PM 126

    HUNDREDS of Holden fans in their iconic cars have descended upon the closing factory, forcing police to act, as Malcolm Turnbull said he was sad about the end of an era. The historic occasion will mark the end of almost a century of automotive manufacturing for the nation, and 69 years for Holden. More than 1000 Holden fans have pulled up outside the factory

  • Holden closure: How car manufacturing changed Australia forever

    19 October 2017 7:45 PM 117

    Don Loffler has written many histories of various Holden cars, so it's only fitting his own family history was shaped by one of the lion-badged vehicles. "When I was a boy with our old 1928 Chev, we were really confined to South Australia. One hundred miles, or 160 kilometres in that car was a really big trip," he said. "But when we finally got our 1948 Holden

  • Malcolm Turnbull grilled over whether his National Energy Guarantee is a carbon tax

    19 October 2017 5:15 AM 116

    MALCOLM Turnbull has come under fire in Question Time over whether the government’s new energy plan is effectively a carbon tax. The prime minister strongly rejected the suggestions by federal Labor in Question Time today, saying the National Energy Guarantee did not include a tax or subsidies for renewables. “It is trading of electricity, it is not trading

  • Westpac to refund 200,000 customers after failing to pass on $65m in discounts

    19 October 2017 4:32 AM 93

    Westpac is the latest bank to roll out a red-faced mea culpa to its customers, admitting it will have to refund $65 million for discounts it failed to pass on. The error affects about 200,000 accounts of Australia's second-biggest bank's 13-million-strong customer base. Westpac said it would provide refunds to affected customers holding "packaged" accounts

  • Kraft Heinz buys ANZ Cerebos assets for $A290 million

    19 October 2017 4:02 AM 109

    Kraft Heinz, which counts Warren Buffett's Berkshire Hathaway as its biggest shareholder, will spend A$290 million buying Cerebos Food & Instant Coffee and Asian Home Gourmet from Suntory Beverage & Food. Japan's Suntory put the units on the block in April, saying it expected a deal to take six-to-nine months, and today the companies said they'd signed

  • Labor signals it may back Turnbull's 'joke' energy policy

    19 October 2017 12:44 AM 265

    Deputy Labor leader Tanya Plibersek says the opposition is keen to work with the government on any policy that reduced carbon pollution, brought down power prices, and provided certainty. "But from the eight pages of detail that we have, this policy has hairs all over it," she told ABC radio on Thursday. Frontbench colleague Tony Burke says the national

  • Woodside 3rd-qtr revenue slips 7 pct, cuts annual output forecast

    18 October 2017 11:22 PM 114

    Oct 19 (Reuters) - Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 7 percent dip in third-quarter revenue as output from the North West Shelf in Western Australia declined, and slashed its full-year output guidance range. Revenue in the quarter slipped to $914 million from $988 million in the year-ago period, short