GM Holden Ltd. reports its worst financial result in two decades, as 2009 revenue declined by one-third and losses tripled to A$211 million ($195 million). Revenue fell to A$3.8 billion ($3.5 billion) last year, from A$5.8 billion ($5.4 billion) in 2008. The auto maker says the result is a by-product of one of the most severe economic downturns in recent memory. Much of the loss was attributed to A$223 million ($206 million) in special charges due to the closure of the auto maker’s ...
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