GM Holden is reported to have rejected as unrealistic an Australian government demand to double its exports in exchange for more federal subsidies. Industry Minister Ian Macfarlane is said to have set a 30% export target for the General Motors subsidiary, double its current rate, the Australian Associated Press reports. But the Australian Financial Review says the GM Holden dismissed the demand, saying locally-made cars are too expensive to sell overseas, especially with the high value ...

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