CANBERRA – Intense competition and currency exchange rate pressures are forcing Holden Ltd. to shut down its GM-Daewoo Australia operation. Holden, which owns 42% of South Korea-based GM Daewoo Auto & Technology Co., says it will pull the Daewoo brand from the market Dec. 31. Daewoo Australia sales end Dec. 31. However, reports suggest the GM Daewoo-built vehicles could resurface in Australia sporting Holden, rather than Daewoo, badges. Holden says its board made the decision ...
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