Staff Writer - CheersandGears.com
October 26, 2013
Some big news coming out of Australia this week. Holden's Managing Director, Mike Devereux announced that he would be stepping down and moving to another position at General Motors at the end of the year. Devereux's new title will be the vice president of International Operations at GM. He will be overseeing GM's operations in a 100 countries, including Australia.
“While taking on this expanded role, Mr Devereux will continue to manage the GM Holden team and GM's operations in Australia and New Zealand until the end of the year, at which time a replacement will be named. We will continue our ongoing discussions with the government,” Holden said in a statement.
Devereux's announcement comes at a difficult time for Holden as they currently in negotiations with the Australian government for financial assistance. Holden has said previously that it is committed to to manufacturing cars in Australia until at least 2022, but if get assistance from the Australian government.