GM Wants Another Taxpayer Handout

The El Camino-like Holden SSV Ute is one of several unique vehicles GM makes in Australia. Photo credit: General Motors.

General Motors , through its Holden subsidiary, is one of three companies making cars in Australia -- but lately, all three have come under pressure, thanks to exchange-rate shifts that have made imports much more attractive to Australian consumers than their domestic cars.

Ford has responded to those pressures by saying it will close its Australian factory, but GM -- and the third company, Toyota -- say they'll stay if the Australian government sends them some financial aid. In this video, Fool contributor John Rosevear looks at GM's latest demand for Aussie cash, and at whether the General is likely to have any success in its latest bid for a taxpayer-funded subsidy.

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Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at@jrosevear. The Motley Fool recommends Ford and General Motors and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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