Holden, the Australian arm of General Motors, is attempting to secure a long-term future beyond 2016 with AUS$265 million (£155 million ) of additional government investment, a two-year pay freeze for workers at its Adelaide manufacturing plant, and talks along with GM brands about how they could better utilise Holden’s test track facilities. The locally produced Commodore and Cruze models are losing money for GM in Australia. The break-even point for designing and building the Commodore in Australia is 40, 000 units. Last year, 30, 000 were sold. Holden still retains several advantages compared with Ford of Australia, which should cease local production from the Falcon from 2016. Falcon units had dropped to 10, 000 units each year, whereas Holden also exports the Commodore in limited numbers. Holden is recognised like a rear-drive specialist within GM. It designed the Chevrolet Camaro (whose rear suspension module is inside the Commodore ). Additionally has an advanced design centre that’s one among only two in GM which will build a full-scale, functioning concept car. Should Holden close, the longer term of Holden Special Vehicles wouldn’t necessarily be as bleak as that for Ford Performance Vehicles. HSV, which makes models badged like the Vauxhall VXR8 inside the UK, is completely independent of GM. Holden moves to safeguard its future in Australia
Saturday, September 20, 2014
Holden moves to safeguard its future in Australia
Holden, the Australian arm of General Motors, is attempting to secure a long-term future beyond 2016 with AUS$265 million (£155 million ) of additional government investment, a two-year pay freeze for workers at its Adelaide manufacturing plant, and talks along with GM brands about how they could better utilise Holden’s test track facilities. The locally produced Commodore and Cruze models are losing money for GM in Australia. The break-even point for designing and building the Commodore in Australia is 40, 000 units. Last year, 30, 000 were sold. Holden still retains several advantages compared with Ford of Australia, which should cease local production from the Falcon from 2016. Falcon units had dropped to 10, 000 units each year, whereas Holden also exports the Commodore in limited numbers. Holden is recognised like a rear-drive specialist within GM. It designed the Chevrolet Camaro (whose rear suspension module is inside the Commodore ). Additionally has an advanced design centre that’s one among only two in GM which will build a full-scale, functioning concept car. Should Holden close, the longer term of Holden Special Vehicles wouldn’t necessarily be as bleak as that for Ford Performance Vehicles. HSV, which makes models badged like the Vauxhall VXR8 inside the UK, is completely independent of GM. Holden moves to safeguard its future in Australia
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