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General Motors on Sunday announced plans to shutter Australian subsidiary Holden and its dealer network by as part of a continuing effort to exit all right-hand-drive markets. Holden's local design and engineering operations, which were retained after its production operations ceased in , will also be dropped. Approximately staff will lose their jobs while will be retained to handle warranty and parts services for up to 10 years. Holden was founded as a saddle business in and started manufacturing vehicle bodies in the early s. It was hit hard by the Great Depression, which resulted in its purchase by GM inThe first car branded as a Holden was launched in
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- Holden's Lang Lang Proving Ground to continue under new ownership
- GM to exit Australia, retire iconic Holden brand in $1.5b overhaul
- New research points to Omicron being less severe, but that’s only half the story
- The Australia Institute
- HOLDEN HERITAGE GOES ELECTRIC
- British billionaire eyes off Holden factory for EV hub
- From Holden to Hummer: GM’s electric transformation
Holden's Lang Lang Proving Ground to continue under new ownership
Sanjeev Gupta, the same man who saved Whyalla steelworks from the brink of disaster, has approached the South Australian government with a vision to return manufacturing to the Elizabeth site — barely three months after Holden shuttered its operations.It is understood Gupta intends on using a prototype developed by Gordon Murray Design, a British design and engineering firm specialising in low-volume production and performance models.
Holden effectively ended mass car manufacturing in Australia in October when it called quits on its Elizabeth plant in Adelaide's north. The Lion brand followed in the wheel tracks of Ford and Toyota, which also ended their respective operations in the months prior. However, with remnants of the underlying parts manufacturing industry still alive, tightening emissions standards and scope for huge fleet contracts with green-savvy governments, Gupta clearly sees life in the industry yet.
Treasurer Koutsantonis is backing the proposal. Holden is in the midst of decommissioning its Elizabeth site in a process that will extend through to midMelbourne-based Pelligra Group was last month announced as the new owners of the manufacturing site, to be known as Lionsgate Business Park.
It will turn the site into a manufacturing hub featuring local, national and international tenants. Under the arrangement Pelligra will lease back about 30 per cent of the site to Holden for the next decade, as a parts and servicing operations centre. GM is yet to comment on the proposal but two years ago knocked back a proposal by Belgium entrepreneur Guido Dumarey's Punch Corporation to continue producing vehicles at its Elizabeth factory.
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Recent Notifications. Sanjeev Gupta is considered a leader in low-carbon production. He has helped re-launch dozens of businesses globally. Source: GFG Alliance. Car News.
GM to exit Australia, retire iconic Holden brand in $1.5b overhaul
Detroit, Michigan — General Motors is getting out of several Asia-Pacific markets by selling a plant in Thailand to a Chinese automaker, ending the Australian Holden brand , and ending Chevy sales in Thailand. Several U. Design and engineering at Holden will end by next year with sales to end soon after. Australia once had a thriving automotive production market, but GM closed its last plant there in , about a year after Toyota and Ford ended production there.
Few EV1 electric cars (left) remain in existence, but Holden still GM cars from imported parts, Holden was eventually bought by the US.
New research points to Omicron being less severe, but that’s only half the story
The last car rolled off the production line of Australian automaker Holden on Friday, marking the demise of a national industry unable to stand up to global competition. The closure of the Elizabeth plant in South Australia is the end of an era for Holden, which first started in the state as a saddlery business in and made the nation's first mass-produced car inThe brand has long been an Australian household name, with s commercials singing that "football, meat pies, kangaroos and Holden cars" were part of the nation's identity. At its peak in , Holden employed almost 24, staff. But just were able to watch the final car leave the factory floor Friday.The union blamed the federal government for causing the closure by withdrawing support to the auto sector. The death of the industry was always on the cards after subsidies were cut off in
The Australia Institute
British billionaire Sanjeev Gupta has outlined ambitious plans to establish an electric car manufacturing hub at a former Holden site in South Australia. It will use a prototype developed by British firm Gordon Murray Design, in talks with Holden executives prior to making a formal bid to buy some of Holden's equipment. Gordon Murray Design is based in Shalford near Surrey in the United Kingdom and is a design and engineering company that specialises in low-volume production runs, and utilises technology used in Formula One cars. Mr Murray is credited with being one of the pioneers behind a McLaren Formula One car and is involved in cutting-edge automotive design using high-strength aluminium sections.
The closure comes a year after Toyota Motor Corp and Ford Motor Co similarly moved out, eliminating thousands of manufacturing jobs.
HOLDEN HERITAGE GOES ELECTRIC
I'm not a revhead, but I come from a Holden family. Not a Holden worker family, but the type of Holden family that used to get up before sparrow's fart to catch the bus five hours to Bathurst to watch Peter Brock race my job as a kid was to pre-butter loaves of bread for the sausage sizzle. The kind of Holden family where my brother forbid Dad from parking the work ute in our driveway for the crime of being a Ford. Many people can't see the fuss about this week's announcement that the Holden will be no more. Perhaps they don't remember that there was a time when almost half of cars sold in Australia were Holdens, and that practically every country town has a local Holden dealership.
British billionaire eyes off Holden factory for EV hub
For the latest business news and markets data, please visit CNN Business.The red Commodore sedan, produced at a plant in the southern city of Adelaide, capped nearly 70 years of car-making at Holden. For Australia as a whole, it marked the demise of an iconic industry. After the last locally made Holden, all cars bought in the country will be imported from overseas. Australia faced a "toxic combination" of problems that "just means it makes little economic sense to produce cars" there, said Michael Mol, an international business professor who's studied the country's car industry. Related: Holden's Australian era ends. Its relatively small local market and remote location combined with the rise of cheaper manufacturing powerhouses in Asia left car companies with little choice, according to Mol, who heads the department of strategic management and globalization at the Copenhagen Business School.
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From Holden to Hummer: GM’s electric transformation
The company, founded in Melbourne in , has been owned by GM sinceIt dominated the Australian and New Zealand car markets for decades, but its market share slipped dramatically in recent years and it began to post heavy losses. In , GM shut down Holden's manufacturing operations in Australia , leaving the firm selling a mix of imported and rebadged Opel and GM machines. Steve Cropley: Holden's demise is sad, but inevitable.
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The manufacturing assets of Australian car maker Holden could soon be making electric vehicles — if a bid from Liberty House Group is successful.
British billionaire Sanjeev Gupta has approached the South Australian government with plans to transform former Holden factories into an electric car manufacturing hub.The Advertiser has reported the GFG Alliance boss has been in contact with General Motors Holden to buy assets from the Elizabeth factory , which closed its doors at the end of last year. The letter confirms GFG Alliance intends to develop the site as an electric vehicle manufacturing base and states the company has lodged a bid to buy certain assets from the site before a public auction opened last Friday. Federal Energy Minister Josh Frydenberg has also thrown his support behind an electric vehicle revolution, telling a radio station this week that he and the Prime Minister had met Mr Gupta. The minister has come under fire by his colleagues for promoting electric cars in Australia, with a heavy reliance on coal-fired power potentially putting the Paris emissions targets at risk.
Sanjeev Gupta is currently in talks with the government of South Australia to rekindle automotive manufacturing at the GM Holden plant in Elizabeth. Just a few months ago, Holden closed up shop after over years in operation, during which it spent of those years in the automotive field. Holden began its reign in Adelaide as a saddlery manufacturer and moved on to become a subsidiary of General Motors.