Holden slams claims it is ‘doomed’


Holden slams claims it is ‘doomed’

Holden has rejected claims its Australian operations are ‘doomed’, accusing the author of ‘shameless self-promotion’.


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Holden has rejected claims its Australian operations are ‘doomed’, accusing the author of ‘shameless self-promotion’.
The editor of the car buyers Dog & Lemon Guide, Clive Matthew-Wilson, claimed yesterday that the Australian car manufacturer is poised to shut down for good because it can no longer compete in the global market.
He said Australian car manufacturers were losing money on every vehicle made and could not compete with China, which made 10 million cars a year while paying workers as little as one dollar per hour.
Holden ‘first to go’
Matthew-Wilson forecast that Holden will be the first to go, followed by Ford and then Toyota.
‘It's not a matter of whether they close down, but when they close down,’ he said.
‘The Australian Government can throw $6 billion or $600 billion at these car plants, but they still won't be economically feasible.'
‘Australia's car plants are losing money faster than a drunk at a casino and there's no feasible way of turning this around.'
Losing money on each car
‘The Australian car industry can re-focus on small cars, green cars, blue cars or red cars. None of this will make the slightest difference.’
Matthew-Wilson said the government money would have been better spent by giving it to the affected car workers.
A Holden representative has rejected his claims.
‘What data is he basing his views on when happily sounding the death knell for Australian car makers and employees?’ the representative said.
Never spoken to him
‘We've never had a request from this individual to speak with our executives, to discuss our company business plans or review the business case for our new fuel efficient, four-cylinder small car.'
‘This is shameless self-promotion at the expense of our industry, our organisation and our employees.'
‘We're in there fighting in a pretty tough global environment and we won't be discouraged by bystanders.’
Holden said it would continue with plans to produce a new four-cylinder car in Adelaide, the vehicle's development helped by funds provided by both the South Australian and federal governments.
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