Holden Cruze among top-5 selling cars in Australia in 2011.
GM Holden reports a net profit of A$89.7 million ($91.4 million) for 2011, which the General Motors Australian subsidiary says establishes a solid foundation for the future. Coincidentally, its net profit was the same amount it received in taxpayer funding last year, the auto maker says. Consolidated revenue was down slightly, from A$4.4 billion ($4.48 billion) in 2010 to A$4.3 billion ($4.38 billion) in 2011, due to a softening of the large-car market and shortages of some imported ...
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