Mexican Media Brands
Report: GM Poised to End Production In Australia
General Motors Co. has decided to phase out its Holden assembly operations in Australia in 2016, according to the Australian Broadcasting Corp.
Share
General Motors Co. has decided to phase out its Holden assembly operations in Australia in 2016, according to the Australian Broadcasting Corp. The television network cites unidentified senior government officials.
GM delayed making the announcement from this week to early next year, according to ABC's sources. Holden denies the report.
Ford Motor Co. said in May that it would end production in Australia in 2016. Analysts say a GM pullout likely would prompt Toyota Motor Corp. to do the same, thus ending Australia's auto industry.
The country's carmaking sector has been fading for decades as lower-cost imports gradually captured 85% of the market. Australia's annual car output dropped from a peak of 475,000 units in 1970 to fewer than 210,000 last year. Exports have been difficult because of the strong Australian dollar and relatively high wage rates in the country.
ABC says Australia's auto industry has received more than A$12 billion (US$10.8 billion) in government aid over the past 10 years.
RELATED CONTENT
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
