Business
GM Holden plunged to $35m loss in final year – The Australian Financial Review
The carmaker plummeted deep into the red prior to the shock decision to scrap the Holden brand, but says servicing at 200 outlets will stay on for 10 years.
The operating business made a loss of $13.7 million but this was pulled lower to a loss of $35.1 million once a ”re-measurement loss” on defined benefit superannuation plans was included.
GM Holden in Australia made a profit of $68.5 million in calendar 2018.
The accounts also showed that GM Holden received $2.1 million from the federal government’s Automotive Transformation Scheme in 2019, after receiving $11.6 million in 2018. That scheme was set up several years ago, and one of many desig…
-
General22 hours agoBunbury man Stanley J Clemons sentenced for shooting neighbour’s dog
-
Noosa News13 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
Noosa News19 hours agoRoaring jet boats to return to Victoria for first time in 15 years
-
General13 hours agoHackers release Qantas customers’ data on dark web