SA: Holden hits back at industry speculation

AAP General News (Australia)
04-14-2009
SA: Holden hits back at industry speculation

Holden says an industry observer is indulging in shameless self-promotion .. in sounding
the death knell of Australian car manufacturing.

The editor of the Dog and Lemon Guide .. CLIVE MATTHEW-WILSON .. says local car manufacturers
Holden .. Ford and Toyota won't survive the economic recession.

He says Australia's car factories are losing money on every vehicle they make .. and
no amount of incentives from state and federal governments can solve this basic problem.

But Holden's questioned what right one person has to call time on an industry employing
more than 60-thousand people.

The company says Mr MATTHEW-WILSON has never asked to speak with company executives
to discuss business plans .. or to review the business case for Holden's new fuel efficient
.. four-cylinder small car.

Holden says it continues to have the best selling car in Australia and had no plans
to withdraw from local production.

AAP RTV tjd/tm

KEYWORD: HOLDEN (ADELAIDE)

2009 AAP Information Services Pty Limited (AAP) or its Licensors.