General Motors-Holden is an Australian car manufacturer based in Port Melbourne, Victoria. The company was originally independent, but since 1931 is a subsidiary of General Motors. Holden has taken over General Motors’ operations in Australia and has a partial stake in GM Daewoo in South Korea. Over the years Holden has offered a wide range of locally produced vehicles, complemented by models imported from General Motors. In the past Holden offered Isuzu, Nissan, Suzuki and Toyota models under its brand.
South Australia and engines are produced at the Fishermens Bend plant in Port Melbourne. Historically, assembly and production plants have operated in every state in Australia. Until 1990 GM Holden’s New Zealand subsidiary operated a plant based in Trentham. The consolidation of automobile production in Elizabeth was completed in 1988, but some assembly operations continued in Dandenong until 1996.
Although Holden’s share of car exports has fluctuated since 1950, the decline in large car sales in Australia led the company to look to international markets to increase profitability. In 2006, Holden reported profits of $1.3 billion from exports.
However, since 2010, Holden incurred losses due to the strong Australian dollar. Prime Minister Tony Abbott’s government ended industry subsidies in 2014 in the order of US$ 23 billion between 1997 and 2012.1 On December 11, 2013, Holden announced that it will cease production of vehicles and engines by the end of 2017. The company will continue to have a presence in Australia as an importer and seller of cars.
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