MELBOURNE — Holden Ltd. reports its second successive drop in annual profits, with 1998 results down 3% to A$166 million (US$110.6 million) on sales up 26.6% to A$3.8 billion (US$2.5 billion). Holden Managing Director Jim Wiemels says the profit decline was driven by a considerable drop in the value of its engine exports to Asia — from 250,000 units in 1997 to 150,000 last year. Tough competition, adverse currency exchange rates and falling import tariffs also are cited, along with ...

Premium Content (PAID Subscription Required)

"Holden hangs tough as profits slow in Asian markets" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.