HOLDEN, UNDER PRESSURE at home with a 15 percent slide in sales, and having lost the Pontiac G8 export program to the United States and North America, has secured a $200 million line of credit from the Federal Government’s Export Finance and Insurance Corporation (EFIC).

The arrangement was announced yesterday on the EFIC website.
According to [...]

• 
• Comment
• Read More

IN WHAT CAN only be good news for Holden, outgoing boss Mark Reuss has been appointed Vice President of Global Engineering for General Motors.

Reuss’ appointment comes as part of the New GM’s restructuring after the company’s recent release from Chapter 11 bankruptcy.

With Reuss’ new role, Holden’s position within GM will likely be strengthened, thanks [...]

• 
• Comment
• Read More

ALAN BATEY, currently Holden’s Executive Director for Sales, Marketing and Aftersales, has been named Chairman and Managing Director of Holden.

Batey, 46, succeeds Mark Reuss - Chairman and Managing Director since February 2008 - who will return to the United States to take on a senior but as yet unnamed product development role with General [...]

• 
• Comment
• Read More

MARK REUSS, Holden Managing Director, confirmed this morning that Holden will “continue normal operations” and will be “unaffected” by the filing overnight for bankruptcy by US parent, General Motors.

Speaking at a press conference at Holden’s Port Melbourne HQ, called in response to the announcement from GM overnight, Mr Reuss said:
“We’re safe, we’re part of the [...]

• 
• Comment
• Read More