Holden Cruze sales being undercut by less-costly imported small cars.
Australia’s rapidly shrinking vehicle production pushes the industry back into crisis this week in two separate developments, with a key component manufacturer shutting down and GM Holden announcing layoffs today. Australia’s three domestic auto makers, GM Holden, Toyota and Ford, are scrambling to find new suppliers after parts maker Autodom closes its doors and lays off 400 workers Thursday at plants in Victoria and South Australia in a high-stakes gambit to force the car ...
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