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Originally Posted by Mark s
With all that is going on in GM world, I have to wonder if Holden will get the funds ($450 million IIRC) from GM to produce this new 4 cyl car at the Elizabeth plant.
Wasn't the deal that the Australian Govt throw in $150 million and the rest would come from the parent company?
With all this doom and gloom in GM world and the bankruptcy just around the corner for the parent, what are the chances of Holden getting these funds from the parent, or are we as the tax payer going to foot the bill for the promised amount?
Was this 4 cyl car going to be a major export for GMH, or was it a local only car to replace the Daewoo triplets?
What does everyone think? Will this project also be on it’s deathbed and what will this also see the slow death of a Commodore as well as a locally produced car?
Will we also see the locally built Focus get given the flick as well? Does anyone know if this is still going ahead?
Cheers
Mark
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Good question, where exactly does a bankrupt company find $450 million to build a car in Australia that they already produce in 4 other countries?????
Focus is still going ahead, nothing has changed there.