Following the government grant announcement, Kevin Rudd, Australia's Prime Minister at the time, stated that production would support 600 new jobs at the Elizabeth facility; however, this failed to take into account Holden's previous announcement, whereby 600 jobs would be shed when production of the "Family II" engine ceased in late 2009. In mid-2013, Holden sought a further A$265 million, in addition to the A$275 million that was already committed by the governments of Canberra, South Australia and Victoria, to remain viable as a car manufacturer in Australia. A source close to Holden informed the "Australian" news publication that the car company is losing money on every vehicle that it produces and consequently initiated negotiations to reduce employee wages by up to A$200 per week to cut costs, following the announcement of 400 job cuts and an assembly line reduction of 65 (400 to 335) cars per day. From 2001 to 2012, Holden received over A$150 million a year in subsidy from Australian government. The subsidy from 2007 was more than Holden's capital investment of the same period. From 2004, Holden was only able to make a profit in 2010 and 2011.