ELIZABETH, Australia – Most of the problems facing General Motors Corp. in its home market of the U.S. also bedevil its Australian subsidiary, GM Holden Ltd., on a smaller scale, here. Despite being the largest domestic producer and inspiring fierce nationalistic pride, GM Holden is under siege from foreign competition; has too many employees; has been rightsizing its operations for years; cannot produce its own small cars cost effectively; and has a product lineup that tilts toward bigger ...

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