244 replies to this topic

[RallyRed]

...could be embarassing,    as they show you coming first, over and over on the 6 oçlock news!!

[RallyRed]

lol....

[S pack]

This would be the perfect pressie for DJ.

[MARKL]

Back on topic, the story got a run in the Fairfax press

 

http://www.drive.com...122-gmbycf.html

[Covert]

Belgian fella has pulled out apparently

[Covert]

Sounded like it was starting to get some momentum, hope it didn't give any Holden staff false hope.

[Shiney005]

And Holden have now decided to shut down the Captiva assembly plant. Face it. We have priced ourselves out of the manufacturing market.

[Ice]

And Holden have now decided to shut down the Captiva assembly plant. Face it. We have priced ourselves out of the manufacturing market.

Totally understandable the Craptiva is a POS

[Dasman56]

Holden do not make the captiva.

[Shiney005]

Sorry. Cruze was what I meant to say.
http://www.motoring....duction-101470/

[S pack]

Holden do not make the captiva.

Yes they do!!! Holden recently announced the new 2016 Captiva 7.

 

It's not made in OZ if that is what you mean.

Edited by S pack, 27 February 2016 - 11:25 AM.

[Ice]

Holden do not make the captiva.

Yeah thats right ford do ffs

[Dasman56]

Thanks Shiney, Good read.

[cameron]

Its a shame we are no longer going to be building local cars. However even in 2012 when we had history making new car sales (aust record) the commodore sales where at a 19yr low after a decade of declining sales. As seen by the record books Holden have not made real money since the 60's. Its been funded and stopped from bankruptcy by we "the taxpayers". Holden have said that its imported cars are the only ones making money. Wages and costs etc are just far too high in Aust for us to manufacture here. Sad but true. Look at the cost even the USA built cars sell for vs what we pay for a commodore or falcon. The new mustang is a classic example. Lets hope they remove all the protection and taxes since we no longer have an industry to protect.

 

"We are losing [money] on our locally produced cars and that's obviously a position we need to reverse," said Holden chief financial officer George Kapitelli. "What the headline numbers today don't show is the difference between General Motors profitability versus Holden profitability. Holden's imported portfolio is profitable. The losses we have talked about today are a direct result of Holden building cars in Australia."

Holden was $152.8 million in the red in the 2012 calendar year despite $73.5 million in government funding. Its biggest result in the red was $210.6 million in 2009.

The 2012 figure means Holden has lost $730 million over six of the past eight years, and a $202 million profit over the same period.

 

The last time Holden finished in the black, in 2011, the profit of $89.7 million was identical to the taxpayer funding it received in that calendar year. In 2010, Holden posted a profit of $112 million after receiving $100 million in taxpayer assistance.