AUSTRALIA: GM's Holden clinches China car design deal
General Motors' Australian unit Holden will develop at least two new car models for China after sealing a deal with GM's Chinese partner.
The deal with China came after Holden secured a A$275m (US$285m) funding package from the Australian government, which is determined to keep the industry afloat and protect manufacturing jobs, Reuters reported.
Together with the government funding, GM also pledged A$1 billion investment in Holden.
Holden signed the agreement with Shanghai General Motors (SGM) and the Pan Asia Technical Automotive Centre, a joint venture between GM and Shanghai Automotive Industry Corp, on Monday, to develop at least two new models for SGM and its affiliates in China, the news agency said.
The new models will be designed at Holden's technical centre, based in Port Melbourne, and built in China.
This Case Study examines the factors that led to US auto giant GM's bankruptcy in 2009, describes its rescue plan, and assesses its effectiveness....
The fragility of the automotive supply chain has been highlighted by natural disasters, particularly in Asia over the past 18 months. This month's management briefing considers how fragile the supply ...
New vehicle sales in the Philippines increased 2.4% year on year to 12,555 units in September from 12,856 units last year, according the Chamber of Automotive Manufacturers of the Philippines (CAMPI)....
Over 2,000 workers at General Motors' Opel/Vauxhall plant in Ellesmere Port, northwest England, are moving to a four-day week as a cost-cutting move....
- ANALYSIS: The models to be axed by PSA's Tavares
- THE WEEK THAT WAS: Carlos sharpens the knife
- Management briefing: UK engine manufacturing (1)
- THE WEEK THAT WAS: The bubble car returns
- PRODUCT EYE: Audi RS Q3
- 2014 NYIAS: List of world premieres
- BEIJING DEBUTS: New Cruze, but old model to remain
- Discovery Sport to replace Land Rover's Freelander
- Former Bentley chief returns for another round
- GM CEO recall comments draw senator's retort
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Ford Motor Company - Strategy and SWOT Report
- Plunkett's Automobile Industry Almanac 2014: Automobile Industry Market Research, Statistics, Trends & Leading Companies
- Global light vehicle materials market 2008 to 2028