General Motors (NYSE: GM ) , 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 (NYSE: F ) has responded to those pressures by saying it will close its Australian factory, but GM -- and the third company, Toyota (NYSE: TM ) -- 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.
GM has had big success in China, but it might not be the best way to invest in China's auto boom. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market," names the two global auto giants poised to reap even bigger gains as China's vast auto market continues to grow. You can read this report right now for free -- just click here for instant access.