GM Holden Ltd. records an A$144 million ($113.4 million) after-tax loss for 2005 and is forecasting a 2006 deficit as well, The Melbourne Age newspaper reports. However, Chairman and Managing director Denny Mooney says he expects GM Holden to return to profitability this year, as the auto maker sees returns from investments in local operations and increasing export trade. The 2005 result was affected by a number of one-off costs, GM Holden says, including A$89 million ($70.1 million) to ...
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.