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 [...]

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WITH THE JUNE 1 DEADLINE for restructure now just days away, reports that GM is likely to file for Chapter 11 bankruptcy next week are gaining ground in the US.

Both the Washington Post and Associated Press are leading with the view that President Barack Obama will bring the curtain down on GM next week, putting [...]

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After rumours last week told of an impending death for GM’s Pontiac brand, GM’s terse response could have been interpreted as saying that Pontiac had been granted a stay of execution.

Turns out the pundits were right: General Motors has formally announced in its updated Viability Plan that the Pontiac division will be cast off as [...]

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