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Australia to Lose $A500 Million Holden Plant to US? just-auto.com Reports

6 December 2000

Australia to Lose $A500 Million Holden Plant to US? just-auto.com Reports

    LONDON, Dec. 6 http://www.just-auto.com -- After competing
against the US for several months, Australia could miss out on a $A500 million
investment by Holden.
    The Australian outpost of General Motors has been bidding for a new V6
engine plant but the report at http://just-auto.com/news_detail.asp?art=20402
says that the investment may go to North America rather than Australia.
    Victorian Premier Steve Bracks seems nervous about the final decision that
is due next week.  Quoted in the Age Newspaper he said, "They have the
capacity in the United States to do this sort of facility, so we are not
counting any chickens before they have hatched."

    For the full report, please see:
http://just-auto.com/news_detail.asp?art=20402

    just-auto.com is the premier online portal for automotive industry
professionals worldwide.  Targeted specifically at industry and business
professionals the site provides a single point of reference for independent
automotive industry information.