GM will close its plant in Australia
As quoted from Autonews, Tuesday ( 12/10 , 2013) , GM plans to shut down their plants in Australia because of unfavorable developments.
The plan, whole production in Australia will be returned to GM headquarters in 2017.
GM’s subsidiary Holden, is actually a mainstay of GM production in Australia. However, the high cost of production, weak market and the rising of import tax, becomes GM problem for Southeast Asia.
“We really want to strengthen our global operations to meet the needs of our customers,” said GM Chairman and CEO Dan Akerson.
“The decision to end manufacturing in Australia will be a storm and would negatively impact the automotive industry in the country (Australia), will affect the Australian dollar. And the high cost of production, a small domestic market and will also affect the automotive world,” he added .