HOLDEN wouldn't need a $200 million lifeline from the commonwealth if a coalition government were calling the shots, Shadow Treasurer Joe Hockey says.
Some 400 people worked their last shift at the car company's Elizabeth factory in South Australia on Friday, leaving a workforce of 1700.
Holden was last year promised a $275 million handout in return for a commitment to stay in Australia till at least 2022.
Now the car maker is trying to secure a new deal for a further $200 million, News Limited reports, before the federal government's pre-election caretaker period begins.
The details of Holden's latest rescue package were reportedly discussed at the federal government's expenditure review committee last Friday.
Mr Hockey said the government's changes to fringe benefits tax arrangements had done more damage to the Australian auto industry than could be undone with another injection of taxpayer funds.
"This FBT change announced by Kevin Rudd is like a baseball to the back of the head of the car industry, and now they're offering the car industry a Panadol to try to get over the pain," he told reporters in Sydney on Monday.
He indicated a coalition government would avoid any major new handouts for car companies like Holden.
"We shouldn't have to spend any more money because we didn't do the damage to the car industry that Labor is doing," he said.
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