Australian media reports say GM Holden Ltd. plans to build a 4-cyl. compact car in a A$500 million ($321 million) project that follows high-level discussions with Premier Mike Rann of the South Australian state government. The reports say the announcement is a few months away. A GM Holden spokesman is noncommittal, telling journalists the auto maker does not comment on industry speculation and does not have an announcement to make. “We’re looking at many options,” is the company’s ...

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