Holden Managing Director Mark Reuss has questioned the long term future of V8 Supercar racing in Australia if it continues with just two brands. Speaking at the Melbourne International Motorshow Reuss told In Pit Lane that the series needed to expand both it's makes and models to survive.
"the first weekend I spent here (in Australia) was at the Clipsal 500 which is a great race and a lot of fun" he said. "it's a great sport but, I think the sport needs more, and I think that having (just) two brands in a race is something... I've been around a lot of racing in the United States where you have two brands and eventually people lose interest in that."
Mr Reuss said that the sport needed different cars and different makes to survive.
Continue reading...
General Motors' Australian division Holden has today announced the building of a new small car at the companies plant in Elizabeth in South Australia.
The new car which at this stage has not been named will be built on the company's global Delta platform was announced by Australian Prime Minister Kevin Rudd whose Government has provided the Australian Auto Industry with millions of dollars of financial assistance.
The new car will be supported by the Australian taxpayer with the Commonwealth contributing around$149 million over three years starting in 2009-10 to the project. Money will also come from the South Australian Government.
Mr Rudd says the move gives confidence to a struggling industry. “If you look at the downturn in auto sales in the last 12 months, this is really tough,“ he said in a yet another triumph of stating the bleeding obvious.
The new front-wheel-drive vehicle will be built in both sedan and hatch form, with design and engineering work takeing place at the company's Australian headquarters in Port Melbourne, Victoria.
Continue reading...
Wednesday, March 4, 2009
0 Comments