CANBERRA – Intense competition and currency exchange rate pressures are forcing Holden Ltd. to shut down its GM-Daewoo Australia operation. Holden, which owns 42% of South Korea-based GM Daewoo Auto & Technology Co., says it will pull the Daewoo brand from the market Dec. 31. Daewoo Australia sales end Dec. 31. However, reports suggest the GM Daewoo-built vehicles could resurface in Australia sporting Holden, rather than Daewoo, badges. Holden says its board made the decision ...
Premium Content (PAID Subscription Required)
"Holden Pulls Plug on Daewoo Brand in Australia" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.