Sensational-Adelaide.com

muzzamo wrote:I hope to see the land used for a affordable housing for genuine first home buyers (not for property porn stars / speculators / investors)

You can forget that unfortunately.

I live right next to Mitsubishi, and developers have been waiting for this to happen for the last couple of years. Having spoken to a representative for a developer at the end of last year, they wanted to turn the site into a "metropolitan Blackwood Park", so another words big $$$ and very expensive houses. Inner southern suburbs like Tonnsley, Mitchell Park, Clovelly Park etc are near on impossible to get into. I went to an auction on Saturday for a 2 storey house on a 330m2 block - $590,000 was the final price. 800m2 blocks = $400k +, Ex housing trust duplexes are going for $350,000. Not cheap at all.

rev wrote:
Personally I would have liked to see the car industry in Australia protected, but I also don't think higher tarrifs on imports would have saved Mitsubishi.

Yes, imposing high tariffs might not save the local car manufacturers too. Protecting the local car manufacturers will not secure the operations of the manufacturing forever too.

Perfect example is already been shown in the Asian countries, I bet not many of you heard of the Malaysian made cars, which in many cases, tried to sell in both Australia and the UK, but failed miserably. Proton, the Malaysian car maker, so heavily protected by the Malaysian government that each imported cars into the country must have an AP (Approved Permit), and it is very, very hard to get hold of an AP. You need AP for each cars you import into the country, and the ridiculously high import tariffs which sees rates hitting 200% in one stage (maybe still at this point), still failed to protect the local manufacturer. It is covering in debts and losses and hardly make any profits, because, like how Holden Australia insists on producing big cars locally, they insists on producing cheap affordable cars that they assumed would appeal to the local market, but not everyone wants to buy cheap affordable car which is not reliable, they still want to spend $100-200k on a Toyota. And $500k+ on a Mercedes, still ended up hurting the local car manufacturer despite all the efforts to protect them.

Wayno wrote:

MGR wrote:Tonsley park worth $200m. Article in todays Tiser already talking about the opportunities for the mitsi site. p6

does the article state who owns the land? is it the SA Govt or Mitsubishi?

Mitsubishi

Ford will be releasing a new falcon within 3 months, they will bounce back. There current Falcon is not selling as it is seen as "stale" compared to the New VE commodore. Why that's not selling is when they released it they gave no regard (or little) to improving fuel economy.

Cruise wrote:Ford will be releasing a new falcon within 3 months, they will bounce back. There current Falcon is not selling as it is seen as "stale" compared to the New VE commodore. Why that's not selling is when they released it they gave no regard (or little) to improving fuel economy.

And will be powered by imported engines, which is more productive and more efficient then its predecessor made in Australia previously. :wank: If they were more cautious and do some inventions, this would not have happened.

Rest assure GMH would continue to survive for many years to come because it has the strength of the GM backings, but don't hold our breath against it.

^^^ Ford has decided to import it's Die's from Korea costing the company i work for a huge contract. All over a very small amount of difference in price :wank:

Will wrote:You mention that by removing tariffs, government revenue is decreased as well as the profit of the Australian producer. However you mention that consumers are the big winners. I agree that consumers are the big winners as they can buy goods cheaper. However I am confused because if these consumers are buying overseas made cars for example, does this not mean that their money is leaving the country instead of staying here?

Supply chain effects are a lot harder to quantify than the immediate effects on producers and consumers, but you're correct in thinking money leaving the nation is a negative thing. However, as a resource scarce economy, (ie, an economy at full employment and rising inflation), it is of benefit for the less efficient industries like Mitsubishi to move off shore. This frees up resources: land, labour and capital; be used by more profitable and productive industries, which can export at greater profit. An industry that is protected from the global market has little reason to innovate and become globally competitive, and as Edgar stated, find it difficult to export.

Will wrote:Additionally isn't it bad that the government receives less revenue? How does the government make up the revenue that it loses via reductions in tariffs?

Again, this is true, but there are many less economically disruptive ways to generate taxation revenue, such as a Value Added tax (GST). Tariffs aren't an important part of government revenue because of this, there's better ways to raise taxes. It's assumed in the model, for simplicity, that there are no other taxes (income taxes, company taxes, GST, etc) which would be affected by the changes in price and volume.

I love how queensland is trying to poach those mitsubishi workers by saying they could do with a 'change in lifestyle'. He might as well as said 'come to queensland where it is less boring than adelaide'

You mean she*. I think we don't have to worry about Queenslands attempt, we have plenty of work here in SA (especially the mining and defence jobs).

Btw the head office will remain in Adelaide at this stage.

Edgar wrote:

Cruise wrote:Ford will be releasing a new falcon within 3 months, they will bounce back. There current Falcon is not selling as it is seen as "stale" compared to the New VE commodore. Why that's not selling is when they released it they gave no regard (or little) to improving fuel economy.

And will be powered by imported engines, which is more productive and more efficient then its predecessor made in Australia previously. :wank: If they were more cautious and do some inventions, this would not have happened.

In 2010, not tomorow

Cruise wrote:

Edgar wrote:

Cruise wrote:Ford will be releasing a new falcon within 3 months, they will bounce back. There current Falcon is not selling as it is seen as "stale" compared to the New VE commodore. Why that's not selling is when they released it they gave no regard (or little) to improving fuel economy.

And will be powered by imported engines, which is more productive and more efficient then its predecessor made in Australia previously. :wank: If they were more cautious and do some inventions, this would not have happened.

In 2010, not tomorow

And how far is that from now?

Edgar wrote:

Cruise wrote:

Edgar wrote:
And will be powered by imported engines, which is more productive and more efficient then its predecessor made in Australia previously. :wank: If they were more cautious and do some inventions, this would not have happened.

In 2010, not tomorow

And how far is that from now?

A bit further than March!!!

Proberly will coninside with the release of the Orion Mark 2 or whatever they will call it

bound to happen...Mitsububishi have been downscaling for years. Its only about 900 jobs from mitsubishi proper and 200 or so from associated parts suppliers...

With the current jog opportunities in SA, all those people (those that want to) should find work....It isnt as bad as everyone makes it out to be..Ive heard reports on TV here in melbourne that Mitsubishi was the equivalent of Ford in Geelong and was a mainstay in terms of jobs...

I would never have put mitsubishi and ford (geelong) in the same category. Ford employs just over 6000ppl in Geelong if that shut it would be disastrous to Geelong!

Im not sure what would happen to the land where Mitsubishi currently is....but ide be in favour of moving all of the industry (monroe's included) north and setting up middle density living!

stelaras wrote: <snip>
Im not sure what would happen to the land where Mitsubishi currently is....but ide be in favour of moving all of the industry (monroe's included) north and setting up middle density living!

It would be political suicide to move the industry out north. As i understand, the majority of mitsubishi workers are southerners and the media coverage to date has been focused on creating more industry down that way...may make more sense to shift all industry (monroe's included) in the other direction (Lonsdale?)...

Yeah and City of Marion want to encourage environmental industrials to the area.

.Ive heard reports on TV here in melbourne that Mitsubishi was the equivalent of Ford in Geelong and was a mainstay in terms of jobs...

They sure like talking trash over there.