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NINETY EIGHT REGENCY

GM Holden can make money on its locally-made small car, says Reuss

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GM Holden can make money on its locally-made small car, says Reuss

By JAMES STANFORD 5 August 2009

GM Holden chairman and managing director Mark Reuss says he is surprised by Ford Australia’s move to abandon plans to build a small car in Australia because it is not financially viable.

Speaking after this week’s announcement of Holden’s new direct-injection V6 engine in Melbourne, Mr Reuss said the Holden plan to build its own small sedan and hatch at its Elizabeth plant in South Australia from the third quarter of next year was on track and that it should be profitable.

Mr Reuss, who will leave his current position to take up his new role of General Motors global engineering vice president in Detroit at the end of this month, said: “I can’t comment on why it was (canned) because I don’t know, but I was surprised.”

http://www.goauto.com.au/mellor/mellor.nsf...A257609000C0B90

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