Advertisement
Find a Car
Go!

General Motors' Holden Division Avoids Bankrputcy Axe: Cool RWD Chevrolets Still A Possibility


 

Holden

Holden

In a move that mimics what might happen within an extended celebrity family, General Motors' Australian division, Holden, released a statement today that's essentially said, "We're doing just fine down here, thank you."

The official language was more formal, and we quote, "Holden will continue normal operations in Australia and New Zealand and does not expect changes to its business after General Motors announced it has taken court action in the US to launch a competitive New GM."

Additionally, “Operations at Holden are unchanged in Australia and New Zealand and we expect it to remain that way,” Holden Chairman and Managing Director, Mark Reuss, said on Monday, June 1. “GM has clearly stated that all of its businesses in the Asia Pacific region – and that includes Holden – continue normal operations and are not directly impacted by this process in the US.

Detroit insiders will recognize Mark Reuss as the former head of the recently closed GM High Performance Vehicle group. Reuss was also the vehicle line engineer on the Pontiac Aztek (egad!). Despite his tainted history that came about through little fault of his own (GM's internal protocols prevented him from stopping the Aztek's ugly face from seeing the light of day), Reuss is a true enthusiast who can be trusted. (He's likely also really glad to be in Australia and not Michigan right about now.)

The fact that Holden remains intact also bodes well for future Chevrolet models, and perhaps even a Cadillac or two. Since developing the underpinnings for the 2010 Chevrolet Camaro and , Holden is now the main repository for performance-based rear-wheel-drive architecture (with the lone exception being the Corvette).

Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comments (2)
  1. This is REALLY good news for GM. I was very saddened to read about Pontiac's demise because I wanted to have the G8 stick around long enough for me to buy one. Now that Holden is continuing operations as usual, there is still a good chance that the G8 will not go to waste and it might come back to life as a Chevy Impala or other Chevy or Cadillac models. So much good work was put into this platform and it will be a huge waste to let it just die. I can't wait to see how it will look like in a Chevy trim!
     
    Post Reply
    Vote
    Bad stuff?

  2. You know, typically I'm not a GM fan, but it looks like they are getting better at what they do! We have to protect North American companies!
    Cheers!
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion? Join the conversation!

Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Advertisement
Take Us With You!
   
Related Used Listings
Browse used listings in your area
Advertisement

 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.