Some dealers ‘will lose everything’ in Holden’s exit from Australia, Senate inquiry hears

A Senate inquiry into Holden’s exit from Australia has been told of catastrophic flow-on effects with some car dealerships at risk of financial and personal ruin.

General Motors announced last year the Holden brand was no longer competitive and it would be ‘retired’ from sales across Australia and New Zealand.

The Senate’s Education and Employment Committee has begun examining the impact of General Motors’ decision.

Its investigation…