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

June 1, 2009

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).

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