Holden fears the Federal Coalition's plans for the auto-industry, SA Premier says PREMIER Jay Weatherill say Holden has informed him fears over the Federal Coalition's plans for the car industry are its main concern as it weighs up its future in SA. Holden yesterday said "swift action" from political leaders was needed to guarantee security. The car maker struck a $275 million deal with the Federal Labor Government last year as part of plans to build two new cars in Adelaide and remain in production until 2022. The Coalition's stated policy is to refer auto assistance matters to the Productivity Commission from 2015 and remove $500 million from a $1.5 billion Labor support fund in the meantime. Mr Weatherill today said he was working with Holden to ensure it remained in Adelaide until 2022 and failure to support it with taxpayer funds would result in closure. "Holden have told us that they can not conclude those negotiations until they see the outcome of the federal election and they are able to see what the foundations that they are building on look like," Mr Weatherill said. They can't get those answers yet from the Coalition. They need to know what the position will be after the election. This is a crucial factor for the future of Holdens in South Australia, the attitude of the federal Coalition to car manufacturing. Earlier, Holden boss Mike Devereux says his company would seek more government help to keep the Australian auto industry viable - and that the handouts were a great deal for the nation. Mr Devereux says Holden needs more government help to foster its plan to build cars until at least 2022 and ensure the industry's future. There have been discussions taking place about state and federal money given to Holden in recent times, Mr Devereux told ABC Radio this morning. "Holden over the last 12 years has injected about $33 billion into the Australian economy," he said. I think that's a pretty good deal. You give me 1.8 billion bucks, we generate $32.7 billion in economic activity. That's an 18-times multiplier. If that stuff goes away that's a really big hole in the economy. I do believe that we can still be making cars 10 years from now because I think we have a plan to do that. It's a plan with really great global architectures, it's a plan that puts two top-selling cars in Adelaide, but it also is a plan that requires a bit of focus right now from both sides of government because we do need some policy settings changed. Holden earlier warned "swift action" was needed from political leaders to ensure the Australian auto industry remained viable. But Mr Devereux said yesterday Ford's decision was "a reminder of just how tough it is for manufacturers in Australia."