Holden Boss Slams Reports That GM Is Looking To Sell It

Holden boss Dave Buttner has hit out at reports that General Motors could sell its Australian import operations.

Earlier this month, a report from the Australian Financial Review asserted that GM was considering an externalization of its importing activities to Australia’s largest car importer and distributor, Inchcape Motors.

However, Car Advice reports that, on Friday, Buttner told the audience at the company’s national conference in Melbourne that there are no plans to change distribution.

“I’m looking directly at you. Believe me, it’s not going to happen. There is no plan (to change distribution). I did not join the company to close Holden.”

A confidential dealer source reiterated Buttner’s fierce denial of reports.

“Dave gave a very strong denial about the reports about Inchcape and you know what? I believe him. I think it is scuttlebutt. He stood there and looked us all in the eye and said it wasn’t happening.”

Carscoops contacted GM about the Inchcape reports last week and were simply told that the automaker “is focused on supporting Dave in building a strong Holden for the future, as it remains an important part of GM’s business.”

Holden has been facing an uphill battle in Australia ever since local production ended. The company now solely imports vehicles built overseas, including the latest-generation Commodore that is also sold elsewhere as the Buick LaCrosse and Opel Insignia. Consequently, we weren’t overly surprised when we heard reports that General Motors was reportedly willing to turn its back on Holden.

Well, this doesn’t seem to be happening. At least not now.

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  • Jim Jones ©

    GM Australia don’t make anything anymore and nobody is buying the front wheel drive German made Opel rebadged with the consumer friendly “Commodore” moniker, so why would General Motors need it?

    • Thetruthísntalwayspopular

      To keep a presence in a developed market, to keep an important design and engineering resource, because they have plans for the future?

  • dilligaf

    You can’t sell something worth nothing. So he is right. This company is dead, they are just finishing off burying themselves.

  • Bash


  • quantum multiverse gnome

    And that right there is all the proof one needs to know it’s for sale… or GM is going to shut it down in less than 2 years – Bank on IT!

    SCF MM 😉

  • Knotmyrealname

    PSA has no commitment to Opel-sourced products for Australia.

  • Androuffle

    Buick LaCrosse and Opel Insignia are indeed based on a closely related platform but are different cars. Insigna/Commodore are built on GM E2XX (along with Chevrolet Malibu, Buick Regal and Cadillac XT4) while LaCrosse is built on GM P2XX.

    • NoMan2015

      I think they misspoke and meant Regal.

      • Androuffle

        Yeah indeed. To the writer, please amend the article 😉

  • Poor guy, GM told him nothing.

  • Mr. EP9

    He’s going to be in for a world of hurt when he finds out GM is going to sell them.

  • Paulbe

    Settle down Dave. its not like it matters anymore.

    • Thetruthísntalwayspopular

      It matters to the people working there…..

  • Lothar Zogg

    Holden is still a thing?

  • Thetruthísntalwayspopular

    The factories have already gone. It’s already a name brand only. However, GM Australia design has a LOT of input into GM’s design in general.

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