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Vietnamese carmaker buys Lang Lang, but GM to test vehicles still

krusing

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The problem is, who would buy Holden, lets be honest. Unless the government comes to the party, its basically worthless apart from assets GM can strip from it.

Reading further, there are rumors the 7 gen platform for the Camero has been put on hold. That means, they are looking to move it offshore or replace it with electric versions which will probably be offsure as well. I'd be betting that they keep trucks and try and offload as much as possible to Vietnam. The tariffs for trucks and commercial vehicles from EU to US is 25% whereas cars are only 2.5%. They might come up with another name for a car that fills the RWD performance big car category and ship it worldwide. You also have to take into account Tesla which are manufactured in the US and are killing it atm and are only going to exponentially keep growing. The Cybertruck is going to sell like hotcakes over there, the actually engineering behind that thing is revolutionary and from a trades perspective, nothing will come close to it for functionality.

LHD makes up 35% of the worlds cars so there is a significant market there still.

The only spanner is that Vietnam is a RHD country.

The only problem I can see,
electric cars can not go the same distance of cars with internal combustion engines, [ie: distance being interstate]
Where most petrol cars can drive for 6 > 7 hours, you fill up and your on the road again,
Where electric cars need to be charge over night,
so you then will be up for accommodation, food and loss of time. [add extra days and $'s for your trip]
Where electric cars are really just for suburbia trips.

eg: I drive to Mildura for work every so often [6 hour drive and use 3/4 take of petrol], so an electric car would not be a viable option in this scenario.
 
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Subju

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Derekthetree

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Good to see its being bought by a car maker not a land developer.
Presumably its designed to represent typical Aussie roads, so will be of use for future vehicle tuning, even into the electric era.

Looking forward to some JC Vic trackdays there!
 

Not_An_Abba_Fan

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The only problem I can see,
electric cars can not go the same distance of cars with internal combustion engines, [ie: distance being interstate]
Where most petrol cars can drive for 6 > 7 hours, you fill up and your on the road again,
Where electric cars need to be charge over night,
so you then will be up for accommodation, food and loss of time. [add extra days and $'s for your trip]
Where electric cars are really just for suburbia trips.

eg: I drive to Mildura for work every so often [6 hour drive and use 3/4 take of petrol], so an electric car would not be a viable option in this scenario.

In a world market, Australia is a drop in the ocean. What we need is an Australian company, or a company with the Australian market in mind to build cars for our environment. Electric cars are not designed with Australia in mind. You can drive just as far on other continents, but recharging stations are a lot more frequent. Maybe Vinfast is that company. A country that has RHD and a company that has just purchased a testing facility.
 

figjam

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The only spanner is that Vietnam is a RHD country.

Sorry to burst your balloon, but Vietnam has the steering wheel on the Left, and they drive on the Right side of the road. https://carsexport.eu/lhdcars.htm

As for who was going to buy Holden, ask Google about Guido Dumarey, he wanted to buy Elizabeth and continue with a VF type car. He owns factories that produce major assemblies for GM, and it was reported that his meeting in Detroit about buying Holden lasted 5 minutes. Maybe there was a GM disincentive regarding the purchase.

GM's business case is not about building and selling cars, it is about how much they can screw in subsidies from Governments, and money laundering between GM branches.
Who ultimately paid for Holden's 'purchase' of Daewoo, with Mike Simcoe as head honcho boss ? The Aus taxpayer.
Where did that money eventually go ? Back to the USA.
What happened to a GM Korea plant after the S Korean Govt said no more subsidy ? GM closed the plant.
What happened to the money paid to Holden so they could continue to manufacture here until 2022 ? Back to the USA as a 'dividend'.

I followed all this news when it was current affairs.
It is now history, and all people can remember is the opinion that "Joe Hockey and Tony Abbot killed Holden".
 

Subju

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Not_An_Abba_Fan

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Makes my comment somewhat invalid then...
 
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