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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.
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 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…
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