Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

Hang on: the Labor Party kept giving them more money and announcing job security and then months later Holden would sack workers and Ford would sacks workers.

Then along came the carbon tax. Listen to what Mike Devereux had to say on the carbon tax:

There is no question that a tax on electricity, in making it more expensive in input costs, makes it more difficult for me to make money building cars.

That is what Mike Devereux, the head of General Motors Holden, said about the carbon tax. He said, 'It makes it more difficult for me to make money building cars.' Holden then announced 500 redundancies.

See this speech in context