Some dealers will lose everything in Holden s exit from Australia, Senate inquiry hears
MonMonday 1
updated
ThuThursday 4
FebFebruary 2021 at 9:41am
Holden s shock exit from the Australian market is under scrutiny with dealers saying they face financial devastation.
(
Share
Print text only
Cancel
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:
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
The Senate s Education and Employment Committee has begun examining the impact of General Motors decision.