The El Camino-like Holden SSV Ute is one of several unique vehicles GM makes in Australia. Photo credit: General Motors.
General Motors (GM 0.59%), 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 (F -1.84%) has responded to those pressures by saying it will close its Australian factory, but GM -- and the third company, Toyota (TM 0.67%) -- 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.
