Business
Some dealers ‘will lose everything’ in Holden’s exit from Australia, Senate inquiry hears – ABC News
Marriages and family car dealerships are under strain as General Motors prepares for Holden’s exit from Australia, a 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.
Key points:
- An inquiry into Holden’s withdrawal from the Australian market receives 77 submissions
- One dealer says General Motors’ decision will be financially and personally crippling for some dealerships
- The ACCC is investigating claims dealers made significant investments in the months before GM’s announcement
General Motors announced…
Continue Reading
-
General22 hours agoFour escape injury after jumping from three-storey unit on fire in Newcastle
-
Noosa News21 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
General14 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
Noosa News22 hours agoThe Best Things to Do in Brisbane This New Year’s Eve