(I'm not sure if they asked the government for money but if they did the following applies to them also)

Why should our tax be going to a company that can't stand on its own two feet?
You would think Holden would have said, "Oh look $200 mil, lets use this to find ways to make our production cheaper"

Instead of just running like normal, hoping that the market would get better.
+ The fees that Holden would have been getting from GM (not sure if correct but i have 0 doubts) would have taken all the profit away.
That's just how companies work.

I have worked for companies before that were owned outside of Australia. They took ALL of our profit in fees so we looked broke (less tax?)

For an Australian Auto company to be successful it has to be fully Australian owned, and make some actual good cars.

(^ could be 100% with all of this)