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29-11-2008, 10:40 AM | #1 | ||
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HOLDEN'S export program to the US will hang in the balance next week as General Motors considers ditching the Pontiac brand and 11,000 unsold export Commodores gather dust.
Adelaide-built Commodores are shipped to the US as Pontiac G8s, but GM is reviewing prospects for three of its eight divisions, with Pontiac top of the list, in a desperate bid to cut costs and secure $US50 billion ($76 billion) in federal funds. The plan, which must be ready for US legislators by next weekend, leaves a question mark over the future of Pontiac, Saab and Saturn, according to Bloomberg reports, while Hummer is already up for sale. The Holden-built Pontiac G8 is part of the problem, as it is struggling to find buyers. Just 13,000 have been bought since shipments began at the beginning of the year, and inventory levels exceed 11,000 cars -- or 283 days' supply -- the third-worst for any GM model, according to specialist US website Automotive News. Potential Pontiac G8 buyers must now factor in an uncertain future for the brand. "It's a challenging business environment for carmakers around the world," said a spokesman for GM Holden, Jonathan Rose. "We're very proud of our export program." He denied Holden was adding to Pontiac's woes, and said export shipments were continuing. Mr Rose played down reports yesterday that Holden is planning to build a four-cylinder car alongside the Commodore. "We're looking at many options," he said. "But we don't have any announcement to make." The 82-year-old Pontiac division is one of GM's oldest, but its "affordable performance" models peaked in the 1970s. The Holden Monaro built here until three years ago was used to revive the famous Pontiac GTO nameplate, and 32,000 were sold stateside between 2003 and 2005. But Pontiac's 1000 US dealers have been hit hard by the collapse of the car market, with sales down 21 per cent this year. Despite this, Holden is adding a high-performance G8 version to the line-up, and the Commodore Ute, rebadged as the Pontiac G8 Sports Truck, will be exported late next year. Holden desperately needs fresh overseas markets to keep its Adelaide factory running, with Commodore sales down 16per cent this year. The company expected US demand for Pontiac G8s to boost exports, but recently announced plans to shut its factory for 25 days in the first quarter next year, in addition to its four-week Christmas holiday closure. http://www.theaustralian.news.com.au...-13232,00.html |
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29-11-2008, 10:50 AM | #2 | ||||
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Holden is copping the bad media coverage now, except they'll end up curing cancer.
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29-11-2008, 11:02 AM | #3 | |||
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We haven't heard the last of this. Mark my words, there will be HUGE job losses at Holden over the next 4 months. |
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29-11-2008, 11:06 AM | #4 | |||
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Now the bad news articles are about Holden and are at least based in fact. I'd much rather it be them copping the criticism than Ford!
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29-11-2008, 11:21 AM | #5 | |||||
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Holden with job losses in the next 4 months ey? I've got some ammunition to defend Ford against all my Holden friends then.
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29-11-2008, 11:36 AM | #6 | |||
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PS Yep, the article seems to have been removed twice now. The second after being re-written permanently!
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BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
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29-11-2008, 12:49 PM | #7 | ||
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Word filtering in from some people in the know is that Holdens ( GM ) dont have the money to pay people their entitlements, not redundancies but holidays etc. They are broke.
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29-11-2008, 11:31 AM | #8 | |||
Force Fed Fords
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GM will go bust as the US senate doesn't want to bail out the big three, and Holden will probably be sold to a cashed up Indian company like Tata or chinese company. Imagine the marketing campaign for Holden now; "Daewoos go better".
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29-11-2008, 11:35 AM | #9 | |||
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Tata are on the edge of bankruptcy too, the Chinese may the only ones who can afford it. |
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29-11-2008, 01:37 PM | #10 | ||||
Force Fed Fords
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Mate, whilst it would be horrible for the many employees and their families, it is not a brand I will miss. We still get their mini trucks and I have seen a couple of their cars here; the very thing that would completely undermine ford due to their ridiculously low price. As stated in another thread, ford USA is looking as though it may survive and unlike any other brand in the USA they are the only ones researching and developing new products. As Alan Mulally (Ford god) says; we should be building the cars people really want to buy. Case in point (and the reason he took one home) the G6E-T.
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29-11-2008, 01:24 PM | #11 | ||
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contrary to popular beleivef holden never had an export market in usa and never will "american job's for american people" (richard nixon, ronald regan, gw busch jr)
the idea is to sell for one year to test sale's then "tool up" simple plan. the only exports are middle east under chev badging (GM's flagship) nothing more nothing less.
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I don't often hear the sound of a screaming LSX. But when I do, So do the neighbours.. GO SOUTHS
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29-11-2008, 01:30 PM | #12 | ||
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I have always believed Holden are in a much more dangerous position than Ford. Their mantra appears to be "sell our way out of trouble", but if people aren't buying large cars then you find yourself in a lot of trouble very quickly.
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29-11-2008, 01:41 PM | #13 | |||
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but ford have done well to lift their game and pulled back from the brink so to speak. but holden, more accuratly GM have made a balls of it, and some of the probem are wrong place wrong time (middle of 3billion restucture, then eco down turn, crap happens) but they shoud'nt have exposed them self that much. and holden is simply on a bad GM ride.
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I don't often hear the sound of a screaming LSX. But when I do, So do the neighbours.. GO SOUTHS
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29-11-2008, 05:25 PM | #14 | ||
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Yet another thread about the demise of Holden. Where do you guys get this stuff... the same oracle that predicted the FG wiping the floor with the VE? Rumour and inuendo is the traditional fodder for fishwives, how about you leave it at that.
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29-11-2008, 05:37 PM | #15 | |||
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335 S/C GT: The new KING of Australian made performance cars.. |
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29-11-2008, 05:56 PM | #16 | |||
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Food for thought though. at the moment in Melbourne alone we have in excess of 20000 motor vechicals and trucks in storage from nearly 2000 commodores at fowles nearly as many Fords in various holding yards and more imported cars than you could imagine in paddocks on the outskirts of laverton.. Australia wide there are 200000 motor vechicals sitting in paddocks and storage yards so don't think for a moment this is just a GM..or..FOMOCO problem,, serious times ahead :togo:
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29-11-2008, 05:59 PM | #17 | ||||
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29-11-2008, 10:20 PM | #18 | |||
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01-12-2008, 09:29 AM | #19 | |||
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I'm just as guilty as anyone in guessing what's going on and what the washout will be, but I don't predicate my opinions on a bloodlust for the demise of a car company. I find myself looking through the various company press releases and financials to find the basis for the statements made by various members here and invariably there is no foundation (I can find) for them.... e.g why Ford is in better shape than Holden and for that matter why Ford are in better shape than GM? |
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29-11-2008, 01:37 PM | #20 | ||
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In Germany it has been revealed GM currently owe Opel over a billion euros.
Holden are no doubt in the same position, GM probably have not paid for the vehicles already sent over. |
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