"Our intention was to turn around the brand ... there is zero blame to the local team," said the high ranking General Motors official. "This decision is all about investment priorities."
General Motors has been making a slow retreat from other right-hand-drive countries over the past three years, getting out of lucrative markets such as the United Kingdom, Japan, India and South Africa. 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.
Globally, more than 75 per cent of all vehicles sold are left-hand-drive, while right-hand-drive countries account for the remaining 25 per cent of sales. However, car companies have less opportunities to recoup their investment because the cost to design, engineer and develop left- and right-hand drives is the same.
The end of a Brand , the end of Era
auspol
Great government we have let's ship cars from China
😢 My first car was a Holden ☹️
Let’s use the factory to locally make solar panels
This was expected, wasn’t it. Holden just puts its badges on cars built overseas. It’s terrible it’s come to this and it has cost hundreds of jobs😡
elonmusk Tesla please jump right in, buy that factory and make Y there !
Why should Australia give free money to a US owned company to sell us garbage Korean cars. If I wanted a Korean car we already have KIa and Hyundai.
Was there any doubt that this would happen?
Holden's demise will test even Scott Morrison's ability to spread fairytales over a dung heap
Effect on Supercars Championship?
How many jobs could’ve been spared if .JoeHockey or LiberalAus maintained the same level of subsidies it keeps for coal ...I wonder? 🤔 auspol jobs bettereconomicmanagers
Bloody disgusting.
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Source: SBSNews - 🏆 3. / 89 Read more »
Source: smh - 🏆 6. / 80 Read more »
Source: abcnews - 🏆 5. / 83 Read more »
Source: smh - 🏆 6. / 80 Read more »
Source: SBSNews - 🏆 3. / 89 Read more »