Companies

Dec 12, 2013

Shuttering Holden won’t cost underinvesting GM much

The small losses General Motors will take on closing Holden reflect how little it has invested in local production, Glenn Dyer and Bernard Keane write.

Holden

The most surprising thing about the Holden closure decision is how little the financial cost will be to its parent, General Motors. In yesterday’s statement, GM’s about-to-retire CEO, Dan Akerson, said the cost would be “pre-tax charges of $US400 million to $US600 million in the fourth quarter of 2013”:

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