Holden to pull out of Australia at the end of 2020This comes just three years after the end of local manufacturing and the lowest monthly sales since it was established in 1948 – as US car giant General Motors gets out of right-hand-drive markets globally.
Holden management informed head office staff and dealers about midday today. An official media statement from Holden is forthcoming.A high-ranking company insider claimed the"agonising decision" had only been made in Detroit in the past 48 hours and that General Motors had every intention of reviving the brand following the end of local manufacturing, as evidenced by the introduction of the US-based Holden Acadia and Holden Equinox SUVs and upcoming Corvette sports car.
The three main remaining right-hand-drive countries were Thailand, Australia and New Zealand, but General Motors says it has become unprofitable to develop new vehicles for such comparatively small markets.
No loss here. More jobs lost to automation/ standardisation. Aussie markets too behind to be considered viable.
Ford wins
All those subsidies for all those years, straight down the Gurgler
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Holden to be axed from AustraliaApproximately 600 jobs will be lost after parent company General Motors made the decision to wind up the iconic brand. so... Holden will be Holly Done! 🤔 NOOOOOOOOOOO :( So very sad for this iconic brand
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