Subsidy deal includes GM Holden pledge to build two new vehicles.
GM Holden says government assistance for the global auto industry is a fact of life and Australia is no different from anywhere else. Chairman and Managing Director Mike Devereux defends the allocation of government funds to the General Motors subsidiary. GM Holden recently received A$275 million ($283.4 million) from the federal, South Australian and Victorian state governments to ensure the future of its local operations through 2022. The deal includes a commitment from the auto ...
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