So General Motors … the parent company for Holden … is now in bankruptcy. While that’s a position that few could have imagined a year or two ago it’s a reality and it’s giving General Motors a chance to restructure.
That restructuring includes selling off a large chunk of GM Europe … almost certainly to a Canadian company … closing a number of plants in the US and putting others into temporary shut down.
While we’re hearing lots of encouraging words from Holden and our politicians about the future of Holden not much information seems to be coming out of the United States at the moment. So don’t be surprised to see Holden end up being sold off in the near future … or maybe even closed.
At the moment the automotive industry is in such turmoil that there are no guarantees … even for a national icon like Holden.