Holden axes Australian assembly

Holden has announced it will cease vehicle and engine manufacturing in Australia by the end of 2017.

General Motors chairman and chief executive Dan Akerson says the decision is the result of “a perfect storm of negative influences the automotive industry faces in the country, including the sustained strength of the Australian dollar, high cost of production, small domestic market and arguably the most competitive and fragmented auto market in the world.”

 

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login