Manufacturing News

Overseas interest in buying Holden: Weatherill

Holden has said its brand and local manufacturing operations are not for sale, following comments by SA premier Jay Weatherill that it had been approached by “high end” international firms regarding a Holden sale.

The ABC reports that Weatherill said a sell-off was a realistic possibility for Holden, which has said it will end its manufacturing operations in Australia in 2017.

"It may be that a particular car manufacturer might want to set up here but use the equity that's in the Holden brand to continue making cars," said the premier, according to the ABC.

Holden has denied that it would consider this.

"That's obviously something that's the property of General Motors at the moment and presumably they have an interest in keeping it because it has value for them but that is something that we would want to advance in any discussions with Holden.”

AAP reported yesterday that the SA government had been contacted by international car makers wanting to discuss the possibility of buying the Holden manufacturing operations.

The Australian today reports that the Weatherill government, which will contest an election in March, refused to confirm whether or not it had been approached by Magna Steyr, which manufactures around the world and has done so for companies including BMW and Audi.

The opposition dismissed Weatherill’s suggestion as “pre-election spin”.

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