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Holden working "feverishly" next deal with GM

Old Apr 10, 2003 | 12:23 AM
  #1  
Ude-lose's Avatar
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Holden working "feverishly" next deal with GM

http://www.drive.com.au/news/article...XDLOKMBED.html

Holden revs exports, but it could be just the start
By Ian Porter
The Age
Thursday April 10 2003

Holden's export order book is defying the gloomy economic outlook as engine exports recover strongly and the company awaits a second export deal with its United States parent.
The soaring engine exports reflect improving sales of the restructured Daewoo group, now GM Daewoo Auto and Technology, and will boost local suppliers in the second half-year.

After volumes sank as low as 350 engines a day, GM Daewoo had asked Holden to ramp up supplies to around 700 a day, Holden chairman and managing director Peter Hanenberger said.

"Since we have restructured Daewoo and it is basically a 100 percent GM company, exports of cars from Korea have picked up dramatically," he said.

Holden paid $456 million for a 42.1 percent stake in GM Daewoo, and Mr Hanenberger is chairman of the revitalised Korean company.

"We will have our engine plant running at 700 a day from about July/August, which brings us pretty close to capacity."

Mr Hanenberger said he wanted to eliminate the fluctuations in demand that caused Holden to shed staff at times, only to rehire later: "I think this volume (700 a day) will be stable over the next three years."

He said Holden was working "feverishly" on its next deal with General Motors, under which a GM division is expected to put a version of the Commodore platform into production in the US.

Holden will start exporting Monaro coupes to the US in September under its first deal with the parent company, but the next deal would be more extensive, Mr Hanenberger said.

If that came off, he said, "components and products of our new Commodore platform" would also go to the US as well as the basic platform design.

"We will not only be making the design for this and developing the vehicles for building in the US, but we would also export vehicles still into the US from Australia," he said.

Last edited by Ude-lose; Apr 10, 2003 at 12:26 AM.
Old Apr 10, 2003 | 02:16 AM
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A Holden i'd like to see make it's way to the U.S. is the Ute those things are sweeeeeet. They even have the LS1 in a body style that alot of us could only dream of. I'd like to see a 4 door Ute come to the U.S. IMO it would be a hot buy check it out at holden's website.
Old Apr 10, 2003 | 03:10 AM
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Ude-lose's Avatar
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Another piece of news... this one really cracks me up !!!

http://www.goauto.com.au/mellor/mell...256D0300092BEC
Old Apr 10, 2003 | 08:29 AM
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There will most likely be a story in August Popular Hot Rodding magazine that hits on Holden's plans for the US.
Old Apr 10, 2003 | 08:32 AM
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Sounds like a Chevelle to me... maybe a Ute?
Old Apr 10, 2003 | 10:56 AM
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Originally posted by PacerX
Sounds like a Chevelle to me... maybe a Ute?
While I'd rather see a re-skinned Monaro as a Chevelle, I'm betting we will see the UTE come over as an El Camino first.
Old Apr 10, 2003 | 02:37 PM
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SS UTE
Old Apr 10, 2003 | 02:49 PM
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UTE probably won't be imported till that pesky 25% tariff we have on imported trucks.

But then again, the UTE SS costs +/- $23,000US, and would be $29,000 with the tariff, and would fall under slightly less restrictive regulations as a truck, so they would be minimal changes needed......
Old Apr 10, 2003 | 04:15 PM
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Originally posted by stars1010
While I'd rather see a re-skinned Monaro as a Chevelle, I'm betting we will see the UTE come over as an El Camino first.
Gee... now where did I hear that before????
Old Apr 10, 2003 | 08:15 PM
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Originally posted by guionM
UTE probably won't be imported till that pesky 25% tariff we have on imported trucks.
If DCX can classify PT Cruiser as a truck (puh-leeease ) couldn't GM convince the government that the Ute is a car?
Old Apr 10, 2003 | 09:07 PM
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It's a cruck, there should be a negative 25% bouns to companies that sell it
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