GM Holden Ltd. cites high fuel prices, a strong Australian dollar and a consumer move towards smaller vehicles as it reports an after-tax loss of A$146.5 million ($123.05 million) in 2006. The result compares with the A$145-million ($l21.79 million) loss in 2005. This time around revenue fell 7.8% to A$6.149 billion ($6.165 million). Managing Director Denny Mooney says GM Holden spent A$20 million ($16.8 million) on third-shift termination payments at its Elizabeth plant and almost A$70 ...
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