GM Holden Ltd. reports its worst financial result in two decades, as 2009 revenue declined by one-third and losses tripled to A$211 million ($195 million). Revenue fell to A$3.8 billion ($3.5 billion) last year, from A$5.8 billion ($5.4 billion) in 2008. The auto maker says the result is a by-product of one of the most severe economic downturns in recent memory. Much of the loss was attributed to A$223 million ($206 million) in special charges due to the closure of the auto maker’s ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.