GM Holden Ltd. reportedly is poised to rush the closure of its Family II 4-cyl. engine plant in Port Melbourne, Victoria. The Age newspaper in Melbourne says the shuttering of the Australian plant, originally scheduled for late this year and affecting 530 workers, could happen as early as next month “as U.S.-based General Motors (Corp.) shares the pain of its near-collapse with its overseas subsidiaries.” The report quotes a GM Holden spokesman as confirming the engine plant is one of ...
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