- Joined
- Feb 2, 2003
- Messages
- 3,011
- Reaction score
- 491
- Points
- 83
- Age
- 45
- Location
- Adelaide
- Website
- www.justcommodores.com.au
- Members Ride
- BYD Atto 3 / RAV4 Hybrid
GM Holden’s $1.2 billion investment in the VE Commodore and WM Statesman and Caprice programs is part of a $6.1 billion commitment to General Motors’ Australian operations over the past 10 years.
A new $400 million engine plant in Victoria, $532 million in works for the South Australian assembly operations since 2000 and acceptance of global development roles have been among benefits for the Australian economy.
GM Holden has built on its position as the country’s largest automotive manufacturer and employer as well as being the highest private sector spender on research and development.
The local division of the world’s largest car company, General Motors, also holds global responsibilities for rear-wheel-drive engineering development and vehicle design for future programs outside Australia.
The investment serves GM’s interests around the world, as about 40 per cent of cars and 60 per cent of all engines produced by GM Holden last year were sent overseas.
By comparison, GM Holden’s $6.1 billion investment could have funded three complete City Link road projects in Melbourne at $2 billion each or four M7 Motorways in Sydney at $1.5 billion each.
GM Holden Chairman and Managing Director, Denny Mooney, today said VE Commodore was a massive investment and vote of confidence in the future of the Australian car industry.
“Having the first $1 billion car program in Australia shows how serious General Motors is about its operations here,” Mr Mooney said.
“Automotive companies must make massive decisions regarding their manufacturing operations over an extremely long timeframe. Holden Commodore has been Australia’s best seller for a decade and we have invested heavily to ensure that continues.
“Australian carmakers are operating in a robust environment and a relatively stable industrial relations landscape which helps our cause.
“It is also worth noting that GM is not just investing for the Australian car market because the cars, engines and expertise in Australia are being sent around the world.”
The $6.1 billion investment by GM Holden since 1996 includes $3.7 billion in direct product program and related costs and $2.4 billion in broader infrastructure.
It is one of the largest commitments by any private sector business to its Australian operations and outstrips many of the country’s largest capital programs by a wide margin. The VE and WM program commitment reached $1.23 billion, including $1.04 billion for VE and $190 million for WM.
A new $400 million engine plant in Victoria, $532 million in works for the South Australian assembly operations since 2000 and acceptance of global development roles have been among benefits for the Australian economy.
GM Holden has built on its position as the country’s largest automotive manufacturer and employer as well as being the highest private sector spender on research and development.
The local division of the world’s largest car company, General Motors, also holds global responsibilities for rear-wheel-drive engineering development and vehicle design for future programs outside Australia.
The investment serves GM’s interests around the world, as about 40 per cent of cars and 60 per cent of all engines produced by GM Holden last year were sent overseas.
By comparison, GM Holden’s $6.1 billion investment could have funded three complete City Link road projects in Melbourne at $2 billion each or four M7 Motorways in Sydney at $1.5 billion each.
GM Holden Chairman and Managing Director, Denny Mooney, today said VE Commodore was a massive investment and vote of confidence in the future of the Australian car industry.
“Having the first $1 billion car program in Australia shows how serious General Motors is about its operations here,” Mr Mooney said.
“Automotive companies must make massive decisions regarding their manufacturing operations over an extremely long timeframe. Holden Commodore has been Australia’s best seller for a decade and we have invested heavily to ensure that continues.
“Australian carmakers are operating in a robust environment and a relatively stable industrial relations landscape which helps our cause.
“It is also worth noting that GM is not just investing for the Australian car market because the cars, engines and expertise in Australia are being sent around the world.”
The $6.1 billion investment by GM Holden since 1996 includes $3.7 billion in direct product program and related costs and $2.4 billion in broader infrastructure.
It is one of the largest commitments by any private sector business to its Australian operations and outstrips many of the country’s largest capital programs by a wide margin. The VE and WM program commitment reached $1.23 billion, including $1.04 billion for VE and $190 million for WM.