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....
- INTERVIEW: Ford of Europe's chief, Stephen Odell
- Jaguar Land Rover's lightweight future
- GENEVA WRAP: Europe still struggles, future bright
- THE WEEK THAT WAS: iOS (and Android) in the car
- INTERVIEW: Ford UK fleet director, Phil Hollins
- 'One Ford' has kept us alive in Europe
- EXCLUSIVE: Renault axes another EV
- GENEVA: Jaguar names 'small' saloon XE
- Ukraine crisis sparks Russia 'downward pressures'
- GENEVA: Apple launches car iOS
- Tesla: The Californian start-up that made head way on the automotive giants
- Dacia: The no frills automotive brand, that is becoming a serious world contender
- China’s One-Child Policy is Shaping a New Automotive Landscape
- PLDB - vehicle cycle plan database (annual subscription)
- Global light vehicle HVAC market 2008 to 2028