Could GM be considering selling Holden?

Discussion in 'Other Countries' started by naranhito, Mar 27, 2006.

  1. #1 naranhito, Mar 27, 2006
    Last edited by a moderator: Apr 25, 2016
    Could GM be considering selling Holden?

    HOLDEN could be sold off if a desperate General Motors continues to fall into a financial death spiral, a global automotive expert says.

    The principal of international automotive strategic consultants Autopolis, Graeme Maxton, said GM was already taking desperate measures to avert the greatest crisis in its 98-year history and sell-offs of its better performing divisions couldn't be ruled out.

    "If you look at in terms of pure economics, their investment in Australia must be under question," he said yesterday.

    "GM is having to sell off the family silver and close down anything that is not economic to cut costs in order to survive for the next few years," he said.

    The Detroit-based automotive giant had already begun disposing of its shareholdings in Japanese makers Isuzu, Subaru and Suzuki, despite these being strategically significant ventures, Mr Maxton said.

    And GM yesterday announced it had sold its property financing arm, GMAC Commercial Holding, for $12.5 billion.

    "All of these are desperate measures to stay alive. What GM is waiting for is when enough of its pensioners die off that it can re-fund itself and invest for growth again. But it's absolutely hidebound right now. It has so much debt and so many liabilities that it has to simply cut them loose," Mr Maxton said. "They can't do anything until their situation improves but they've got themselves into something of a death spiral because the more they have to cut, the more consumers stay away from their products, the more their market share goes down and the more their losses go up."

    Mr Maxton acknowledged Holden was not in the same dire sales situation as GM's US brands whose combined market share fell to a historic low of 25 per cent last year. But he said that the more profitable Holden was, the more tempting it would be for GM to sell it off.

    "The question for Holden is who would buy it. There are actually not many companies except maybe a Chinese maker who would buy it right now," he said.

    GM's traditional global rival, Ford, was in just as much financial trouble, Mr Maxton said.

    "Ford is in many ways in exactly the same situation. The big difference is that GM really does understand how serious its situation is," he said.

    "Ford is still pretending it's not that serious but their market share has fallen even more than GM's. The company hasn't woken up to what it has to do."

    The cycle of cutbacks and rationalisation that threatened Holden also applied to Ford Australia, Mr Maxton said.

    "It's absolutely the same situation but it may take a bit longer because Ford headquarters is in denial," he said.

    http://www.theaustralian.news.com.au/common/story_page/0,5744,18592808%5E643,00.html
     
  2. sell one of the crappy US brands that isn't running a loss.
     
  3. "But he said that the more profitable Holden was, the more tempting it would be for GM to sell it off."

    What a bloody good idea! It make perfect sense doesnt it!

    wft?
     
  4. there are two kinds of people in the car industry.

    those who know what they are talking about, and work for the companies, and those who know jack shit and talk about the companies.
     
  5. meh, thats obviously journalist bs.
     
  6. and if it wasnt journalisty bs then i would never buy a car made by GM ever again.
     
  7. guy sounds stupid, fords in trouble but they're nowhere near where GM are.

    And the guy doesn't give any valid reason why Holden should be sold off.
     
  8. Saab and probably Buick would possibly go before Holden if they were to sell off anything
     
  9. buick no. Apparently the unions are retarded and wont let them cut off any brands or some stupid crap like that. You'd have to ask an american but im pretty sure GM can't give any of their american companies the chop right now.
     
  10. Union is correct. The US likes to keep the US employed. Hence why only 5000 [?] GTO's were sent from here to the US, instead of making there, the union kicked up a big stink about the americans lossing the benefits of doing it themselves.

    Stupid Yanks. I hope China invades there ass.
     
  11. they were tyring to sell 18,000 GTO's a year.
     
  12. wow GM in big troble, Well tell them if you're passing by I'm interested in buying Hummer, Cadillac, and GMC.
     
  13. imagine if like, BMW bought Holden <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/amazed.gif"></A>
     
  14. they wont obviously.

    GM would be stupid to let holden go.
     
  15. okay okay, lets say GM DID sell Holden

    would anyone buy it? if so, who? would it survive on its own maybe?
     
  16. holden wouldnt survive. The only car they actually make is the commodore.

    I dont think anyone would buy them. BMW i certainly cant see buying them, toyota has its own brand/large car in aus, mitsubishi too, ford certainly wont.

    Who does that leave? VAG? i dont think so.
     
  17. A chinese company would <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/sad.gif"></A>
     
  18. yeah actually they would.

    Im glad GM wont sell holden <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/smile.gif"></A>
     
  19. bloody oathe <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/disappointed.gif"></A>
     
  20. I really don't like the direction Holden is taking right now, so a sell might mean a positive change.
     
  21. your avatar is horribly pixelated. Change it please.
     
  22. I haven't changed my avatar in 3 years, sc.net can suck my fat one.
     
  23. What direction?
     
  24. i hope GM doesnt sell holden. even if holden were able to continue on its own or with another owner it wouldnt be the same. they would no longer be able to use GM engines or anything like that

    Holden is one of Gm's most profitable brands so they are a brand that someone would want to buy if GM tried to sell it
     
  25. Korean...
     

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