151-582: Holden Young Lions was a brand used by Australian motor vehicle manufacturer Holden for its young racing driver development program. First appearing in 1997 , the program was operated by a number of teams over the years. In 2014 the Holden Young Lions brand was used by Holden as part of a golf education program. The List of following drivers have race for the team in the Super2 Series, In order from first appearance. Drivers who drove for
302-487: A public relations nightmare for GM. Following this debacle, disclaimers stating that "Oldsmobiles are equipped with engines produced by various GM divisions" were tacked onto advertisements and sales literature; all other GM divisions followed suit. In addition, GM quickly stopped associating engines with particular divisions, and to this day all GM engines are produced by "GM Powertrain" (GMPT) and are called GM "Corporate" engines instead of GM "Division" engines. Although it
453-825: A A$ 149 million government grant to build a localised version of the Chevrolet Cruze in Australia from 2011, Holden in 2009 announced that it would initially import the small car unchanged from South Korea as the Holden Cruze. Following the government grant announcement, Kevin Rudd , Australia's Prime Minister at the time, stated that production would support 600 new jobs at the Elizabeth facility; however, this failed to take into account Holden's previous announcement, whereby 600 jobs would be shed when production of
604-1138: A century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. Founded in 1908 as a holding company in Flint, Michigan , as of 2012 it employed approximately 209,000 people around the world. With global headquarters at the Renaissance Center in Detroit , Michigan , United States , General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million GM cars and trucks were sold globally under various brands. Current auto brands are Buick , Cadillac , Chevrolet , GMC , Baojun , and Wuling . Former GM automotive brands include LaSalle , McLaughlin , Oakland , Oldsmobile , Opel , Pontiac , Hummer , Saab , Saturn , Vauxhall , Daewoo , and Holden . In addition to brands selling assembled vehicles, GM also has had various automotive-component and non-automotive brands, many of which it divested in
755-508: A complex worldwide organization, while paying special attention to consumer demands. Car buyers no longer wanted the cheapest and most basic model; they wanted style, power, and prestige, which GM offered them. Sloan did not neglect cost, by any means; when it was proposed Chevrolet should introduce safety glass , he opposed it because it threatened profits. Thanks to consumer financing via GMAC (founded 1919), easy monthly payments allowed far more people to buy GM cars than Ford, as Henry Ford
906-404: A decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation "because for years I thought what was good for the country was good for General Motors and vice versa". Later this statement was often misquoted, suggesting that Wilson had said simply, "What's good for General Motors is good for the country." At the time, GM
1057-504: A lack of Australian identity and internal company competition, decreasing the brand recognition and desirability of Holden in its domestic market. This led to the announcement, on 11 December 2013, that Holden would cease vehicle and engine production by the end of 2017. On 29 November 2016, engine production at the Fishermans Bend plant was shut down. On 20 October 2017, production of the last Holden designed Commodore ceased and
1208-465: A large four-storey factory on the site. By 1923, HMBB were producing 12,000 units per year. During this time, HMBB assembled bodies for Ford Motor Company of Australia until its Geelong plant was completed. From 1924, HMBB became the exclusive supplier of car bodies for GM in Australia, with manufacturing taking place at the new Holden Woodville Plant (which was actually in the adjacent suburb of Cheltenham ). These bodies were made to suit
1359-539: A market share of more than 50% in 1958 with the revised FC model. This was the first Holden to be tested on the new Lang Lang Proving Ground in Lang Lang, Victoria . In 1957, Holden's export markets grew to 17 countries, with new additions including Indonesia, Hong Kong, Singapore, Fiji, Sudan, the East Africa region, and South Africa. Indonesian market cars were assembled locally by P.T. Udatin. The opening of
1510-458: A non-experimental, unlimited vehicle capacity. Called the "Air Cushion Restraint System", the safety feature was optional on specific full-size Cadillac , Buick , and Oldsmobile vehicles. The occupant safety system proved an unpopular option and was discontinued after the 1976 model year not to return until the 1990s when federal mandates made the system a requirement. While GM maintained its world leadership in revenue and market share throughout
1661-557: A number of chassis imported from manufacturers including Austin , Buick , Chevrolet , Cleveland , Dodge , Essex , Fiat , Hudson , Oakland , Oldsmobile , Overland , Reo , Studebaker and Willys-Knight . In 1926, General Motors (Australia) Limited was established with assembly plants at Newstead, Queensland ; Marrickville, New South Wales ; City Road, Melbourne, Victoria ; Birkenhead, South Australia ; and Cottesloe, Western Australia using bodies produced by HMBB and imported complete knock down chassis. In 1930 alone,
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#17328016416371812-557: A partner and effectively managed the company. In 1885, German-born H. A. Frost joined the business as a junior partner and J. A. Holden & Co became Holden & Frost Ltd. Edward Holden , James' grandson, joined the firm in 1905 with an interest in automobiles. From there, the firm evolved through various partnerships, and in 1908, Holden & Frost moved into the business of minor repairs to car upholstery. The company began to re-body older chassis using motor bodies produced by F. T. Hack and Co from 1914. Holden & Frost mounted
1963-520: A percentage of their wages or salary. GM proceeded to match every penny that their employees invested. GM's headquarters were located in Flint until the mid-1920s, when they were moved to Detroit. Its building, originally to be called the Durant Building, was designed and began construction in 1919 when Durant was president, was completed in 1923. Alfred P. Sloan became president that year, and
2114-540: A position with VW. German investigators began a probe of López and VW after prosecutors linked López to a cache of secret GM documents discovered by investigators in the apartment of two of López's VW associates. G.M. then filed suit in a United States District Court in Detroit, using part of the Racketeer Influenced and Corrupt Organizations Act , which left VW open to triple damages (billions of dollars) if
2265-658: A range of Opel-derived cars comprising the Astra VXR and Insignia VXR (both based on the OPC models sold by Vauxhall) and Cascada . Later that year, Holden also announced plans to sell the European Astra and the South Korean Cruze alongside each other from 2017. GM Specialty Vehicles The history of General Motors ( GM ), one of the world's largest car and truck manufacturers , dates back more than
2416-534: A result of GM's toying with the Wankel rotary engine , as used by Mazda of Japan, an export agreement was initiated in 1975. This involved Holden exporting with powertrains , HJ, and later, HX series Premiers as the Mazda Roadpacer AP . Mazda then fitted these cars with the 13B rotary engine and three-speed automatic transmission. Production ended in 1977, after just 840 units sold. Development of
2567-400: A result, "Jack" Smith (not related to Roger) became burdened with the task of overseeing a radical restructuring of General Motors. Sharing Roger's understanding of the need for serious change, Jack undertook many major revisions. Reorganizing the management structure to dismantle the legacy of Alfred P. Sloan , instituting deep cost-cutting and introducing significantly improved vehicles were
2718-583: A share. From June 1999 to September 2000, the Federal Reserve , in a move to quell potential inflationary pressures created by, among other things, the stock market, made successive interest rate increases, credited in part for putting the country into a recession. The recession and the volatile stock market created a pension and benefit fund crisis at General Motors and many other American companies. General Motors' rising retiree health care costs and Other Post Employment Benefit (OPEB) fund deficit prompted
2869-420: A steady decline. Total Holden sales peaked in 2002 at 178 392 vehicles and were stable up to 2005 before declining for the rest of the decade and the next. This downturn affected Holden's profits; the company recorded a combined gain of A$ 842.9 million from 2002 to 2004, and a combined loss of A$ 290 million from 2005 to 2006. Factors contributing to the loss included the development of an all-new model,
3020-488: A stock buyback campaign with the McLaughlin and DuPont corporations, and other Chevrolet stock holders, Durant returned to head GM in 1916, as Chevrolet owned 54.5% with the backing of Pierre S. du Pont . On October 13 of the same year, GM Company incorporated as General Motors Corporation after McLaughlin merged his companies and Became the first General Motors Company of Canada Limited sold his Chevrolet stock to allow
3171-624: A stock exchange GM took controlling interest in North American Aviation and merged it with its General Aviation division in 1933, but retaining the name North American Aviation. In 1948, GM divested NAA as a public company, never to have a major interest in the aircraft manufacturing industry again. GM did, however, establish their own air transportation, with the creation of the General Motors Air Transport Section (GMATS) . General Motors bought
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#17328016416373322-754: A three-door hatchback variant. A final UC update appeared in 1978. During its production run, the Torana achieved legendary racing success in Australia, achieving victories at the Mount Panorama Circuit in Bathurst, New South Wales. In 1975, Holden introduced the compact Gemini , the Australian version of the " T-car ", based on the Opel Kadett C. The Gemini was an overseas design developed jointly with Isuzu, GM's Japanese affiliate; and
3473-472: A very popular car in the marketplace. But within a few years, quality problems, exacerbated by labor unrest at its main production source in Lordstown, Ohio , gave the car a bad name. By 1977, its decline resulted in termination of the model name, while its siblings along with a Monza version and a move of production to Ste-Thérèse, Quebec , resulted in a thoroughly desirable vehicle and extended its life to
3624-691: The High Feature engine. This was built at the Fishermans Bend facility completed in 2003, with a maximum output of 900 engines per day. This has reportedly added A$ 5.2 billion to the Australian economy; exports account for about A$ 450 million alone. After the VZ, the High Feature engine powered the all-new Holden Commodore (VE) . In contrast to previous models, the VE no longer used an Opel-sourced platform adapted both mechanically and in size, but
3775-623: The Adventra , a Commodore-based station wagon. The fourth model to be replaced with a South Korean alternative was the Vectra by the mid-size Epica in 2007. As a result of the split between GM and Isuzu, Holden lost the rights to use the "Rodeo" nameplate. Consequently, the Holden Rodeo was facelifted and relaunched as the Colorado in 2008. Following Holden's successful application for
3926-744: The Churchill tank series for the Allies. The Vauxhall Churchill tanks were instrumental in the UK campaigns in North Africa. Bedford Vehicles and GM of Canada, CMP manufactured 500,000 logistics vehicles for the UK military, all important in the UK's land campaigns. In addition to the obvious manufacture of motor vehicles for the Allied cause, GM was also a major manufacturer of aircraft. By mainstream accounts, General Motors' German subsidiary (Adam Opel AG)
4077-756: The Daewoo Kalos , replaced the Opel Corsa as the source of the Barina. In the same year, the Viva, based on the Daewoo Lacetti , replaced the entry-level Holden Astra Classic, although the new-generation Astra introduced in 2004 continued on. The Captiva crossover SUV came next in 2006. After discontinuing the Frontera and Jackaroo models in 2003, Holden was only left with one all-wheel drive model:
4228-566: The Dandenong , Melbourne , production facility in 1956 brought further jobs; by 1959, Holden employed 19,000 workers country-wide. In 1959, complete knock-down assembly began in South Africa and Indonesia. In 1960, Holden introduced its third major new model, the FB . The car's style was inspired by 1950s Chevrolets, with tailfins and a wrap-around windscreen with "dog leg" A-pillars . By
4379-544: The Durant-Dort Carriage Company , had been in business in Flint since 1886, and by 1900 was producing over 100,000 carriages a year in factories located in Michigan and Canada. Prior to his acquisition of Buick, Durant had several Ford dealerships. With springs, axles and other key components being provided to the early automotive industry by Durant-Dort, it can be reasoned that GM actually began with
4530-618: The Family II engine ceased in late 2009. In March 2012, Holden was given a $ 270 million lifeline by the Australian Federal Government (Labor Party of Australia) along with the South Australian and Victorian state governments. In return, Holden planned to inject over $ 1 billion into car manufacturing in Australia. They estimated the new investment package would return around $ 4 billion to
4681-557: The HR was introduced, including changes in the form of new front and rear styling and higher-capacity engines. More significantly, the HR fitted standard front seat belts; Holden thus became the first Australian automaker to provide the safety device as standard equipment across all models. This coincided with the completion of the production plant in Acacia Ridge, Queensland . By 1963, Holden
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4832-710: The Holden Astra , as a result of a deal with Nissan. This arrangement ceased in 1989 when Holden entered a new alliance with Toyota, forming a new company: United Australian Automobile Industries (UAAI). UAAI resulted in Holden selling rebadged versions of Toyota's Corolla and Camry , as the Holden Nova and Apollo respectively, with Toyota re-branding the Commodore as the Lexcen. The company changed throughout
4983-651: The September 11th attacks , a severe stock market decline caused a pension and benefit fund underfunding crisis. GM began its Keep America Rolling campaign, which boosted sales, and other auto makers were forced to follow suit. The U.S. automakers saw sales increase to leverage costs as gross margins deteriorated. In 2004, GM redirected resources from the development of new sedans to an accelerated refurbishment of their light trucks and SUVs for introduction as 2007 models in early 2006. Shortly after this decision, fuel prices increased by over 50% and this in turn affected both
5134-571: The Statesman WB limousines were introduced in 1980. However, the designs, based on the HQ and updated HJ, HX and HZ models from the 1970s were less competitive than similar models in Ford's lineup. Thus, Holden abandoned those vehicle classes altogether in 1984. Sales of the Commodore also fell, with the effects of the 1979 energy crisis lessening, and for the first time the Commodore lost ground to
5285-607: The United Auto Workers labor union was formed, and in 1936 the UAW organized the Flint Sit-Down Strike , which initially idled two key plants in Flint, but later spread to half-a-dozen other plants including Janesville, Wisconsin and Fort Wayne, Indiana . In Flint, police attempted to enter the plant to arrest strikers, leading to violence; in other cities the plants were shuttered peacefully. The strike
5436-754: The internal combustion engined railcar builder Electro-Motive Corporation and its engine supplier Winton Engine in 1930, renaming both as the General Motors Electro-Motive Division . In 1931, after purchasing remaining stake – General Motors took over the full control of Opel, making the company a wholly owned subsidiary, and over the next twenty years, diesel-powered locomotives—the majority built by GM—largely replaced other forms of traction on American railroads. (During World War II, these engines were also important in American submarines and destroyer escorts .) Electro-Motive
5587-479: The "Holden". The unofficial usage of the name "FX" originated within Holden, referring to the updated suspension on the 48–215 of 1953. During the 1950s, Holden dominated the Australian car market. GM invested heavily in production capacity, which allowed the company to meet increased postwar demand for motor cars. Less expensive, four-cylinder cars did not offer Holdens the ability to deal with rugged rural areas. Holden 48–215 sedans were produced in parallel with
5738-617: The 1950s, the declining sales of large sedan cars in Australia led the company to look to international markets to increase profitability. In 2013, Holden revealed it received A$ 2.17 billion in Federal Government assistance in the past 12 years, the amount was much larger than expected. Holden blamed a strong Australian currency, high manufacturing costs and a small domestic market among the reasons for exit of local manufacturing. The Australian population also blamed GM's consistent mishandling of rebadging Holden's lineup leading to
5889-488: The 1960s to 1980s, it was product controversy that plagued the company in this period. It seemed that, in every decade, a major mass-production product line was launched with defects of one type or another showing up early in their life cycle. And, in each case, improvements were eventually made to mitigate the problems, but the resulting improved product ended up failing in the marketplace as its negative reputation overshadowed its ultimate excellence. The first of these fiascos
6040-558: The 1970s, Holden ran an advertising jingle "Football, Meat Pies, Kangaroos, and Holden cars", a localised version of the "Baseball, Hot Dogs, Apple Pies, and Chevrolet" jingle used by GM's Chevrolet division in the United States. Holden discontinued the Torana in 1979 and the Sunbird in 1980. After the 1978 introduction of the Commodore, the Torana became the "in-between" car, surrounded by the smaller and more economical Gemini and
6191-513: The 1980 model year. Oldsmobile sales soared in the 1970s and 1980s (for an all-time high of 1,066,122 in 1985) based on popular designs, positive reviews from critics and the perceived quality and reliability of the Rocket V8 engine, with the Cutlass series becoming North America's top selling car by 1976. By this time, Olds had displaced Pontiac and Plymouth as the #3 best-selling brand in
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6342-668: The 1980s through 2000s. These have included Euclid and Terex (earthmoving/construction/mining equipment and vehicles), Electro-Motive Diesel (locomotive, marine, and industrial diesel engines ), Detroit Diesel (automotive and industrial diesel engines), Allison (aircraft engines, transmissions , gas turbine engines ), New Departure ( bearings ), Delco Electronics and ACDelco (electrical and electronic components), GMAC ( finance ), General Aviation and North American Aviation (airplanes), Frigidaire (appliances including refrigeration and air conditioning ), and Electronic Data Systems ( information technology ). General Motors
6493-898: The 1980s. During the 1980s, GM had downsized its product line and invested heavily in automated manufacturing. It also created the Saturn brand to produce small cars. GM's customers still wanted larger vehicles and began to purchase greater numbers of SUVs. Roger Smith's reorganization of the company had been criticized for its consolidation of company divisions and its effect on the uniqueness of GM's brands and models. His attempts to streamline costs were not always popular with GM's customer base. In addition to forming Saturn , Smith also negotiated joint ventures with two Japanese companies ( NUMMI in California with Toyota , and CAMI with Suzuki in Canada). Each of these agreements provided opportunities for
6644-455: The 1990s, increasing its Australian market share from 21 percent in 1991 to 28.2 percent in 1999. Besides manufacturing Australia's best selling car, which was exported in significant numbers, Holden continued to export many locally produced engines to power cars made elsewhere. In this decade, Holden adopted a strategy of importing cars it needed to offer a full range of competitive vehicles. During 1998, General Motors-Holden's Ltd name
6795-499: The 2005 model year. They were produced in a much-improved Lordstown Assembly plant, as were their replacements, the Chevrolet Cobalt and Pontiac Pursuit/G5 . Roger B. Smith served as CEO throughout the 1980s. GM profits struggled from 1981 to 1983 following the late 1970s and early 1980s recession. In 1981, the UAW negotiated some concessions with the company in order to bridge the recession. GM profits rebounded during
6946-637: The 5.7-litre LS unit. The UAAI badge-engineered cars first introduced in 1989 sold in far fewer numbers than anticipated, but the Holden Commodore, Toyota Camry, and Corolla were all successful when sold under their original nameplates. The first generation Nova and the donor Corolla were produced at Holden's Dandenong, Victoria facility until 1994. UAAI was dissolved in 1996, and Holden returned to selling only GM products. The Holden Astra and Vectra , both designed by Opel in Germany, replaced
7097-568: The 50-2106 coupé utility from 1951; the latter was known colloquially as the "ute" and became ubiquitous in Australian rural areas as the workhorse of choice. Production of both the utility and sedan continued with minor changes until 1953, when they were replaced by the facelifted FJ model, introducing a third panel van body style. The FJ was the first major change to the Holden since its 1948 introduction. Over time, it gained iconic status and remains one of Australia's most recognisable automotive symbols. A new horizontally slatted grille dominated
7248-779: The Allied war effort and Adam Opel AG served the Axis war effort. By the spring of 1939, the German Government had assumed day-to-day control of American owned factories in Germany, but decided against nationalizing them completely (seizing the assets and capital). Soon after the war broke out, the nationalization came. General Motors ranked first among United States corporations in the value of wartime production contracts. GM's William S. Knudsen served as head of U.S. wartime production for President Franklin Roosevelt . The General Motors UK division, Vauxhall Motors , manufactured
7399-543: The Australian Government to halt the lowering of car import tariffs. By 1997, the federal government had already cut tariffs to 22.5 percent, from 57.5 percent ten years earlier; by 2000, a plan was formulated to reduce the tariffs to 15 percent. Holden was critical, saying that Australia's population was not large enough, and that the changes could tarnish the local industry. Holden reintroduced its defunct Statesman title in 1990—this time under
7550-577: The Australian economy and see GM Holden continue making cars in Australia until at least 2022. In mid-2013, Holden sought a further A$ 265 million, in addition to the A$ 275 ;million that was already committed by the Federal, South Australian and Victorian governments to remain viable as a car manufacturer in Australia. A source close to Holden informed the Australian news publication that
7701-409: The Australian government outlining the production of the first Australian-designed car. Ford's proposal was the government's first choice, but required substantial financial assistance. GM's study was ultimately chosen because of its low level of government intervention. After the war, Holden returned to producing vehicle bodies, this time for Buick, Chevrolet, Pontiac, and Vauxhall. The Oldsmobile Ace
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#17328016416377852-609: The Commodore's recovery strategy involved the 1988 VN , a significantly wider model powered by the American-designed, Australian-assembled 3.8-litre Buick V6 engine . Holden began to sell the subcompact Suzuki Swift -based Barina in 1985. The Barina was launched concurrently with the Suzuki -sourced Holden Drover , followed by the Scurry later on in 1985. In the previous year, Nissan Pulsar hatchbacks were rebadged as
8003-517: The Cutlass name to most of its products in the 1980s. By the mid-1960s, most of GM's vehicles were built on a few common platforms and in the 1970s GM began to further unify body panel stampings. The 1971 Chevrolet Vega was GM's launch into the new subcompact class to compete against the import's increasing market share. Problems associated with its innovative aluminum engine led to the model's discontinuation after seven model years in 1977. During
8154-741: The Dandenong line on 25 October 1962. Following the Chevrolet V8 fitted to the HK, the first Australian-designed and mass-produced V8, the Holden V8 engine debuted in the Hurricane concept of 1969 before fitment to facelifted HT model . This was available in two capacities: 253 and 308 cubic inches (4.1 and 5.0 L). Late in HT production, use of the new Tri-Matic automatic transmission, first seen in
8305-420: The Elizabeth plant was shut down. Holden produced nearly 7.7 million vehicles. On 17 February 2020, General Motors announced that the Holden marque would be retired by 2021. On 30 October 2020, the GM Australia Design Studio at Fishermans Bend was shut down. Holden has been replaced by GM Specialty Vehicles (GMSV), which imports the Chevrolet Silverado and the Chevrolet Corvette . The parts supplier known as
8456-502: The Ford Falcon. Sales in other segments also suffered when competition from Ford intensified, and other Australian manufacturers: Mitsubishi , Nissan and Toyota gained market share. When released in 1982, the Camira initially generated good sales, which later declined because buyers considered the 1.6-litre engine underpowered, and the car's build and ride quality below-average. The Camira lasted just seven years, and contributed to Holden's accumulated losses of over A$ 500 million by
8607-418: The Holden Trade Club was renamed GM Trade Parts. An extensive Holden service network continues to help maintain the many Holdens that remain in operation in Australia. In 1852 James Alexander Holden emigrated to South Australia from Walsall , Staffordshire, U.K, and in 1856 established J. A. Holden & Co. , a saddlery business in Adelaide . In 1879 J. A. Holden's eldest son Henry James Holden , became
8758-430: The Holden marque, as the Statesman and Caprice . For 1991, Holden updated the Statesman and Caprice with a range of improvements, including the introduction of four-wheel anti-lock brakes (ABS); although, a rear-wheel system had been standard on the Statesman Caprice from March 1976. ABS was added to the short-wheelbase Commodore range in 1992. Another returning variant was the full-size utility, and on this occasion it
8909-433: The Kingswood sedan, station wagon, and utility body styles to Indonesia, Trinidad and Tobago, Pakistan, the Philippines, and South Africa in complete knock-down form. Holden launched the new HQ series in 1971. At this time, the company was producing all of its passenger cars in Australia, and every model was of Australian design; however, by the end of the decade, Holden was producing cars based on overseas designs. The HQ
9060-421: The LC Torana was phased in as Powerglide stock was exhausted, but Holden's official line was that the HG of 1971 was the first full-sized Holden to receive it. Despite the arrival of serious competitors—namely, the Ford Falcon, Chrysler Valiant , and Japanese cars—in the 1960s, Holden's locally produced large six- and eight-cylinder cars remained Australia's top-selling vehicles. Sales were boosted by exporting
9211-429: The McLaughlin Carriage gear from 1867 founding of Durant-Dort. GM under Durant's leadership acquired Olds Motor Works later in 1908. The next year, he brought in Cadillac , Cartercar , Elmore , Ewing, and Oakland . In 1909, General Motors also acquired the Reliance Motor Car Company of Detroit, Michigan , and the Rapid Motor Vehicle Company of Pontiac, Michigan , the predecessors of GMC Truck. A Rapid became
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#17328016416379362-399: The Model T didn't. The Model T was offered in black because it dried the fastest as it rolled off the assembly line, so GM offered their products in various color combinations; the Model T came with one four-cylinder engine, so GM offered their vehicles with different wheelbases and engine displacements on a gradual scale based on price. Durant lost control of GM in 1910 to a bankers trust as
9513-430: The Muncie facility. In May 1921, Durant purchased the rights to the Sheridan and to the Muncie plant, with the intent on using the facility to continue building the Sheridan and Durant's new project, the Durant and Princeton automobiles, now to be built by Durant Motors . In 1925, GM bought Vauxhall of England, and then in 1929 went on to acquire an 80% stake in German automobile manufacturer Opel . Two years later this
9664-434: The Reagan administration to seek import quotas on some foreign carmakers. Later, the Clinton administration engaged in trade negotiations to open foreign markets to U.S. automakers with the Clinton administration threatening trade sanctions in efforts to level the playing field for U.S. automakers. José Ignacio López de Arriortúa , who worked under Jack Smith in both Europe (particularly the successful turnaround of Opel) and
9815-409: The South of the United States, as well as from Europe, to work at GM Michigan facilities. To accommodate them, GM began to build employee housing with the nearly $ 2.5 million set aside for the project. This would become one of General Motors top 5 expenditures for the year 1919. 1919 also brought changes to employee investment opportunities. Similar to modern-day 401(k) plans , all employees could invest
9966-408: The Torana continued in with the larger mid-sized LH series released in 1974, offered only as a four-door sedan. The LH Torana was one of the few cars worldwide engineered to accommodate four-, six-, and eight-cylinder engines. This trend continued until Holden introduced the Sunbird in 1976, essentially the four-cylinder Torana with a new name. Designated LX, both the Sunbird and Torana introduced
10117-454: The Toyota-sourced Holden Nova and Apollo. This came after the 1994 introduction of the Opel Corsa replacing the already available Suzuki Swift as the source for the Holden Barina. Sales of the full-size Holden Suburban SUV sourced from Chevrolet commenced in 1998—lasting until 2001. Also in 1998, local assembly of the Vectra began at Elizabeth, South Australia. These cars were exported to Japan and Southeast Asia with Opel badges. However,
10268-405: The U.S. behind Chevrolet and Ford . In the early 1980s, model-year production topped one million units on several occasions, something only Chevrolet and Ford had achieved. The soaring popularity of Oldsmobile vehicles resulted in a major issue in 1977, as demand exceeded production capacity for the Oldsmobile V8, and as a result Oldsmobile quietly began equipping some full size Delta 88 models and
10419-469: The United States, was poached by Volkswagen in 1993, just hours before Smith announced that López would be promoted to head of GM's North American operations. He was nicknamed Super López for his prowess in cutting costs and streamlining production at GM, although critics said that his tactics angered longtime suppliers. GM accused López of poaching staff and misappropriating trade secrets, in particular taking documents of future Opel vehicles, when he accepted
10570-501: The Vectra did not achieve sufficient sales in Australia to justify local assembly, and reverted to being fully imported in 2000. In the 1990s, Holden's share of the Australian market surged and peaked at 27.5 percent in 2000 before declining to 15.2 percent in 2006. From March 2003, Holden no longer held the number one sales position in Australia, losing ground to Toyota. Commodore sales had peaked in 1998 at 94 642 vehicles and were relatively stable up to 2004 before going into
10721-440: The basic fleet model , the Standard , became the Belmont. On 3 March 1969, Alexander Rhea , managing director of General Motors-Holden's at the time, was joined by press photographers and the Federal Minister of Shipping and Transport, Ian Sinclair as the two men drove the two-millionth Holden, an HK Brougham, off the production line. This came just over half a decade since the one-millionth car, an EJ Premier sedan, rolled off
10872-542: The body, and painted and trimmed it. The company began to produce complete motorcycle sidecar bodies after 1913. After 1917, wartime trade restrictions led the company to start full-scale production of vehicle body shells. H. J. Holden founded a new company in late 1917, and registered Holden's Motor Body Builders Ltd (HMBB) on 25 February 1919, specialising in car bodies and using the former F. T. Hack & Co facility at 400 King William Street in Adelaide before erecting
11023-719: The building was officially dedicated as the General Motors Building in 1929. GM maintained this headquarters location, now called Cadillac Place , until it purchased the Renaissance Center in 1996. The Buick Division headquarters remained in Flint until 1998 when it was relocated to the Renaissance Center. In 1920, Durant oversaw the start-up of the Sheridan line of cars, manufactured (from 1920 to 1921) in Muncie, Indiana . The Sheridan nameplate has
11174-402: The car company is losing money on every vehicle that it produces and consequently initiated negotiations to reduce employee wages by up to A$ 200 per week to cut costs, following the announcement of 400 job cuts and an assembly line reduction of 65 (400 to 335) cars per day. From 2001 to 2012, Holden received over A$ 150 million a year in subsidy from Australian government. The subsidy from 2007
11325-511: The car into a perfectly acceptable vehicle, but its reputation had been sufficiently sullied in the public's perception that its sales declined over the next few years, and it was discontinued after the 1969 model year. During this period, it was also somewhat overwhelmed by the success of the Ford Mustang . The 1970s was the decade of the Vega . Launched as a 1971 model, it also began life as
11476-534: The charges were proved in court. VW, faced with a plummeting stock price, eventually forced López to resign. GM and Volkswagen since reached a civil settlement, in which Volkswagen agreed to pay GM $ 100 million and to buy $ 1 billion worth of parts from GM. After GM's lay-offs in Flint, Michigan , a strike began at the General Motors parts factory in Flint on June 5, 1998, which quickly spread to five other assembly plants and lasted seven weeks. Because of
11627-484: The company in 2002 as a representative of GM. This was increased to 50.9 percent in 2005, but when GM further increased its stake to 70.1 percent around the time of its 2009 Chapter 11 reorganisation , Holden's interest was relinquished and transferred to another (undisclosed) part of GM. The commencement of the Holden-branded Daewoo models began with the 2005 Holden Barina, which based on
11778-477: The company to enact a broad restructuring plan. Although GM had already taken action to fully fund its pension plan, its OPEB fund became an issue for its corporate bond ratings. GM had expressed its disagreement with the bond ratings; moreover, GM's benefit funds were performing at higher than expected rates of return. In 2003, GM responded to the crisis by fully funding its pension fund with a $ 15 B payment; however, its Other Post Employment Benefits Fund (OPEB) became
11929-511: The country under Holden management. In the postwar period, this decentralisation was slowly reduced and, by 1989, the consolidation of final assembly at Elizabeth in South Australia was largely completed, except for some operations that continued at Dandenong until 1994. Engine manufacturing was consolidated at Fishermans Bend , which was expanded to supply markets overseas. Although Holden's involvement in exports had fluctuated from
12080-594: The deal to buy Ford for $ 8 million fell through, due to the large amount of debt (around $ 1 million) taken on in its acquisitions, while Samuel McLaughlin left at the same time. Durant was forced out of the firm by the stockholders and co-founded the Chevrolet Motor Company in 1911 with Louis Chevrolet . McLaughlin Bought Chevrolet stock in 1912 in 1915 built Chevrolet in Canada and after
12231-461: The development days, the six-cylinder Torana was reserved for motor racing, but research had shown a business case existed for such a model. The LC Torana was the first application of Holden's new three-speed Tri-Matic automatic transmission. This was the result of Holden's A$ 16.5 million transformation of the Woodville, South Australia, factory for its production. Holden's association with
12382-608: The distinction of being the first automotive brand started from scratch by General Motors. When Buick's D. A. Burke approached Durant about the idea of designing a car from the ground up, and then marketing the car as a bridge vehicle between GM's established divisions of Chevrolet and Oakland (a four-cylinder), and between Buick and Cadillac (an eight-cylinder), respectively. To market the vehicles, Sheridan hired World War I flying ace Eddie Rickenbacker , himself an accomplished automobile racer in his own right. Through prosaic marketing and Rickenbacker's endorsements, Sheridan officials felt
12533-404: The distinctions between the divisions created (in the words of GM President Sloan) a "ladder of success", with an entry-level buyer starting out at the bottom with the "basic transportation" Chevrolet , then rising through Pontiac , Oldsmobile , Buick , and ultimately to Cadillac . While Ford continued to refine the manufacturing process to reduce cost, Sloan was inventing new ways of managing
12684-604: The divisional distinctions within GM began to blur with the availability of high-performance engines in Chevrolets and Pontiacs . The introduction of higher trim models such as the Chevrolet Impala and Pontiac Bonneville priced in line with some Oldsmobile and Buick offerings was also confusing to consumers. By the time Pontiac , Oldsmobile and Buick introduced similarly styled and priced compact models in 1961,
12835-426: The early 1990s. The plants had belonged to General Motors from 1926 until 1990 in an earlier and quite separate operation from GM's Holden operations in Australia. Holden's production became increasingly concentrated in South Australia and Victoria after World War II . However, Holden had factories in all five mainland states of Australia when GM took over in 1931, due to the combining of Holden and GM factories around
12986-487: The end of 2017. As a result, 2,900 jobs would be lost over four years. Beyond 2017 Holden's Australian presence would consist of a national sales company, a parts distribution centre and a global design studio. In May 2014, GM reversed their decision to abandon the Lang Lang Proving Ground and decided to keep it as part of its engineering capability in Australia. In 2015, Holden again began selling
13137-794: The engine locally for the Camira model, and to export markets - primarily to GM's plants in Europe for installation in Opel/Vauxhall vehicles. While GM Australia's commercial vehicle range had originally been mostly based on Bedford products, these had gradually been replaced by Isuzu products as the Bedford brand was being retired in Britain. This process began in the 1970s and by 1982 Holden's commercial vehicle arm no longer offered any Bedford products. The new Holden WB commercial vehicles and
13288-612: The firm, largely through the use of public relations , a then novel form of business communication which was imported to Australia through the formation of General Motors (Australia) Limited. Throughout the 1920s, Holden also supplied 60 W-class tramcar bodies to the Melbourne & Metropolitan Tramways Board , of which several examples have been preserved in both Australia and New Zealand. Holden's second full-scale car factory, located in Fishermans Bend ( Port Melbourne ),
13439-484: The first couple of years, but brake problems, and other defects, ended up giving them, known to the public as "X-Cars", such a bad reputation that the 1985 model year was their last. The J-body cars, namely the Chevrolet Cavalier and Pontiac Sunbird , took their place, starting with the 1982 model year. Quality was better, but still not exemplary, although good enough to survive through three generations to
13590-710: The first truck to conquer Pikes Peak in 1909. In 1910, Welch and Rainier were added to the ever-growing list of companies controlled by GM. GM was initially created by combining independent manufacturers who were competing with the Ford Motor Company and vehicles offered before the October 1, 1908 introduction of the Model T . Once the Model T began to dominate the market, independent companies began to combine their resources as corporations and decided to offer what
13741-612: The following year). GM also acquired the Yellow Coach bus company, and helped create Greyhound bus lines . During this period (and into the 30s), Sloan and his team established the practice of targeting each of GM's automotive divisions to a specific demographically and socio-economically identifiable market segment. Despite some shared components, each marque distinguished itself from its stablemates with unique styling and technology. The shared components and common corporate management created substantial economies of scale , while
13892-525: The four-wheel drive Jackaroo (1981), the Shuttle (1982) van and the Piazza (1986) three-door sports hatchback. The second generation Holden Gemini from 1985 was also based on an Isuzu design, although, its manufacture was undertaken in Australia. In 1981, the Fishermans Bend engine plant began production of the Family II - part of a global engine programme for GM's compact vehicles. The plant supplied
14043-602: The front end of the FJ, which received various other trim and minor mechanical revisions. In 1954, Holden began exporting the FJ to New Zealand. Although little changed from the 48–215, marketing campaigns and price cuts kept FJ sales steady until a completely redesigned model was launched. At the 2005 Australian International Motor Show in Sydney, Holden paid homage to the FJ with the Efijy concept car . Commercial success underpinned
14194-427: The incorporation, which in turn followed the incorporation of General Motors of Canada (reverting to General Motors Company upon emergence from bankruptcy in 2009 that left General Motors of Canada Limited as a Wholly-Owned Privet Canadian Company). Chevrolet entered the General Motors fold in 1918 as it became part of the corporation with R S McLaughlin as Director and vice-president of the corporation; its first GM car
14345-544: The introduction of the HJ , heralding new front-panel styling and a revised rear fascia. This new bodywork was to remain, albeit with minor upgrades, through the HX and HZ series. Detuned engines adhering to government emission standards were brought in with the HX series, whilst the HZ brought considerably improved road handling and comfort with the introduction of radial-tuned suspension. As
14496-466: The key approaches. These moves were met with much less resistance within GM than had Roger's similar initiatives as GM management ranks were stinging from their recent near-bankruptcy experience and were much more willing to accept the prospect of radical change. Following the first Persian Gulf War and a recession GM's profits again suffered from 1991 to 1993. For the remainder of the decade the company's profits rebounded and it made market share gains with
14647-585: The larger Holden six-cylinder and V8 engines. Initially, the Commodore maintained Holden's sales leadership in Australia. However, some of the compromises resulting from the adoption of a design intended for another market hampered the car's acceptance. In particular, it was narrower than its predecessor and its Falcon rival, making it less comfortable for three rear-seat passengers. With the abandonment of left-hand drive markets, Holden exported almost 100,000 Commodores to markets such as New Zealand, Thailand, Hong Kong, Malaysia, Indonesia, Malta and Singapore. During
14798-578: The larger, more sophisticated Commodore. The closest successor to the Torana was the Camira , released in 1982 as Australia's version of GM's medium-sized " J-car ". The 1980s were challenging for Holden and the Australian automotive industry. The Australian Government tried to revive the industry with the Button car plan , which encouraged car makers to focus on producing fewer models at higher, more economical volumes, and to export cars. The decade opened with
14949-701: The late 1970s, GM would initiate a wave of downsizing starting with the Chevrolet Caprice which was reborn into what was the size of the Chevrolet Chevelle , the Malibu would be the size of the Nova, and the Nova was replaced by the troubled front-wheel drive Chevrolet Citation . In 1976, Chevrolet came out with the rear-wheel drive sub compact Chevette . In 1974, GM was the first major automobile company to offer airbags as optional equipment in
15100-450: The life of the VL. The decision to opt for a Japanese-made transmission led to the closure of the Woodville, South Australia assembly plant. Emboldened by the apparent sign of turnaround, GM paid off Holden's mounted losses of A$ 780 million on 19 December 1986. At GM headquarters' request, Holden was then reorganised and recapitalised, separating the engine and car manufacturing divisions in
15251-619: The manufacture of Chevrolets and Pontiacs ended in 1968, coinciding with the year of Holden's next major new model, the HK . This included Holden's first V8 engine , a Chevrolet engine imported from Canada. Models based on the HK series included an extended-length prestige model, the Brougham ; and a two-door coupé , the Monaro . The mainstream Holden Special was rebranded the Kingswood , and
15402-454: The matter. The engine change was necessitated by the legal requirement that all new cars sold in Australia after 1986 had to consume unleaded petrol. Because it was unfeasible to convert the existing six-cylinder engine to run on unleaded fuel, the Nissan engine was chosen as the best engine available. However, changing currency exchange rates doubled the cost of the engine and transmission over
15553-586: The mid-1980s. In 1984, Holden introduced the VK Commodore , with significant styling changes from the previous VH . The Commodore was next updated in 1986 as the VL , which had new front and rear styling. Controversially, the VL was powered by the 3.0-litre Nissan RB30 six-cylinder engine and had a Nissan-built, electronically controlled four-speed automatic transmission. Holden even went to court in 1984 to stop local motoring magazine Wheels from reporting on
15704-498: The new Falcon in Australia, only months after its introduction in the United States. To Holden's advantage, the Falcon was not durable, particularly in the front suspension, making it ill-suited for Australian conditions. In response to the Falcon, Holden introduced the facelifted EK series in 1961; the new model featured two-tone paintwork and optional Hydramatic automatic transmission. A restyled EJ series came in 1962, debuting
15855-475: The new luxury oriented Premier model. The EH update came a year later, bringing the new Red motor , providing better performance than the previous Grey motor . The HD series of 1965 had the introduction of the Powerglide automatic transmission. At the same time, an "X2" performance option with a more powerful version of the 179-cubic-inch (2.9 L) six-cylinder engine was made available. In 1966,
16006-534: The old "step-up" structure between the divisions was nearly over. Earlier in the late 1920s, GM had introduced "junior" brands as a result of the General Motors companion make program as an attempt to bridge the pricing gap between the brands but the overlap and offering eight different brands had a similar confusing effect to consumers and was cancelled by 1930. The decade of the 1960s saw the creation of compact and intermediate classes. The Chevrolet Corvair
16157-409: The outcome of a A$ 600 million development programme that spanned more than five years. The new model featured a rounded exterior body shell, improved handling and many firsts for an Australian-built car. Also, a stronger body structure increased crash safety. The locally produced Buick-sourced V6 engine powered the Commodore range, as did the 5.0-litre Holden V8 engine, and was replaced in 1999 by
16308-483: The popularity of its SUVs and pick-up truck lines. Rick Wagoner had served as the company's Chief Financial Officer during this period in the early 1990s. GM's foreign rivals gained market share especially following U.S. recessionary periods while the company recovered. U.S. trade policy and foreign trade barriers became a point of contention for GM and other U.S. automakers who had complained that they were not given equal access to foreign markets. Trade issues had prompted
16459-493: The process. This involved the splitting of Holden into Holden's Motor Company (HMC) and Holden's Engine Company (HEC). For the most part, car bodies were now manufactured at Elizabeth, with engines as before, confined to the Fishermans Bend plant in Port Melbourne, Victoria. The engine manufacturing business was successful, building four-cylinder Family II engines for use in cars built overseas. The final phase of
16610-575: The production line's closure in 2016. Holden's ultimate survival, though, depended on continued negotiations with the Federal Government—to secure funding for the period from 2016 to 2022—and the final decision of the global headquarters in Detroit, US. Following an unsuccessful attempt to secure the extra funding required from the new Liberal/National coalition government, on 11 December 2013, General Motors announced that Holden would cease engine and vehicle manufacturing operations in Australia by
16761-494: The production target of 300 cars a day was not only achievable but profitable as well. Just as production began to ramp up, Durant was fired for the second and final time from General Motors. Since the Sheridan was a Durant pet project, GM, now under Alfred Sloan , was left with Sheridan, one of Durant's more costly but viable caprices. Durant on the other hand knew that the vehicle was soundly engineered and knew what GM paid for
16912-505: The resettling to the new Holden headquarters on 191 Salmon Street, Port Melbourne, Victoria. Holden caused controversy in 2005 with their Holden Employee Pricing television advertisement, which ran from October to December 2005. The campaign publicised, "for the first time ever, all Australians can enjoy the financial benefit of Holden Employee Pricing". However, this did not include a discounted dealer delivery fee and savings on factory fitted options and accessories that employees received. At
17063-466: The respective companies to experience different approaches. The 1980s also marked the dismantling of General Motors' medium and heavy trucks, with imported Isuzu trucks taking over at the lighter end and with the heavy-duty business being gradually sold off to Volvo through a joint venture . The decade of the 1990s began with an economic recession , taking its inevitable toll on the automotive industry, and throwing GM into some of its worst losses. As
17214-524: The rise of Holden as a cultural icon, as the Holden car became synonymous with the 'Australian way of life', coming to symbolise the stability of post-war Australian capitalism. Holden's next model, the FE , launched in 1956, offered in a new station wagon body style dubbed "Station Sedan" in the company's sales literature. In the same year, Holden commenced exports to Malaya , Thailand, and North Borneo . Strong sales continued in Australia, and Holden achieved
17365-586: The same time, employees were given a further discount of 25 to 29 percent on selected models. Holden revived the Monaro coupe in 2001. Based on the Commodore VX architecture, the coupe attracted worldwide attention after being shown as a concept car at Australian auto shows. The VX Commodore received its first major update in 2002 with the VY series. A mildly facelifted VZ model launched in 2004, introducing
17516-612: The shut-down of the Pagewood, New South Wales production plant and introduction of the light commercial Rodeo , sourced from Isuzu in Japan. The Rodeo was available in both two- and four-wheel drive chassis cab models with a choice of petrol and diesel powerplants. The range was updated in 1988 with the TF series, based on the Isuzu TF . Other cars sourced from Isuzu during the 1980s were
17667-434: The significant role GM plays in the United States, the strikes and temporary idling of many plants noticeably showed in national economic indicators. In the early 1990s, following the first Gulf War and a recession, GM had taken on more debt. By the late 1990s, GM had regained market share; its stock had soared to over $ 80 a share by 2000, peaking at $ 93.63 a share on April 28 and $ 50 billion capitalization. However, in 2001,
17818-677: The still independent Woodville plant built bodies for Austin, Chrysler , DeSoto , Morris , Hillman , Humber , Hupmobile , and Willys-Overland , as well as GM cars. The last of this line of business was the assembly of Hillman Minx sedans in 1948. The Great Depression led to a substantial downturn in production by Holden, from 34,000 units annually in 1930 to just 1,651 units one year later. In 1931, GM purchased HMBB and merged it with General Motors (Australia) Pty Ltd to form General Motors-Holden's Ltd (GM-H). Its acquisition of Holden allowed General Motors to inherit an Australian identity, which it used to cultivate nationalist appeal for
17969-454: The stock market drop following the September 11, 2001 attacks , combined with historic pension underfunding, caused a severe pension and benefit fund crisis at GM and many other American companies and the value of their pension funds plummeted. In the late 1990s, the U.S. economy was on the rise and GM and Ford gained market share producing enormous profits primarily from the sale of light trucks and sport-utility vehicles. In 2001, following
18120-499: The strong Australian dollar and the cost of reducing the workforce at the Elizabeth plant, including the loss of 1,400 jobs after the closure of the third-shift assembly line in 2005, after two years in operation. Holden fared better in 2007, posting an A$ 6 million loss. This was followed by an A$ 70.2 million loss in the 2008, an A$ 210.6 million loss in 2009, and a profit of A$ 112 million in 2010. On 18 May 2005, "Holden Ltd" became "GM Holden Ltd", coinciding with
18271-458: The team on a part-time basis are listed in italics Holden Holden , formerly known as General Motors-Holden , was an Australian subsidiary company of General Motors . Founded in Adelaide, South Australia , it was an automobile manufacturer , importer, and exporter that sold cars under its own marque in Australia. In its last three years, it switched entirely to importing cars. It
18422-472: The time it was introduced, many considered the appearance dated. Much of the motoring industry at the time noted that the adopted style did not translate well to the more compact Holden. The FB became the first Holden that was adapted for left-hand drive markets, enhancing its export potential, and as such was exported to New Caledonia, New Hebrides , the Philippines, and Hawaii. In 1960, Ford unveiled
18573-436: The trade-in value of used vehicles and the perceived desirability of new offerings in these market segments. The current marketing plan is to tout these revised vehicles extensively as offering the best fuel economy in their class (of vehicle). GM claims its hybrid trucks will have fuel economy improvements of 25%. After gaining market share in the late 1990s and making enormous profits, General Motors stock soared to over $ 80
18724-467: The very popular Cutlass/Cutlass Supreme with the Chevrolet 350 engine instead (each division of GM produced its own 350 V8 engine). Many customers were loyal Oldsmobile buyers who specifically wanted the Rocket V8, and did not discover that their vehicle had the Chevrolet engine until they performed maintenance and discovered that purchased parts did not fit. This led to a class-action lawsuit which became
18875-615: The war, GM collected some $ 33 million in "war reparations" because the Allies had bombed its German facilities. At one point GM had become the largest corporation registered in the United States, in terms of its revenues as a percent of GDP . In 1953, Charles Erwin Wilson , then GM president, was named by Eisenhower as Secretary of Defense . When he was asked during the hearings before the Senate Armed Services Committee if as secretary of defense he could make
19026-559: Was 1918's Chevrolet 490. Du Pont removed Durant from management in 1920, and various Du Pont interests held large or controlling shareholdings until about 1950. In 1918 GM acquired the Chevrolet stock from McLaughlin Motor Car Company of Oshawa, Ontario , Canada, manufacturer of the McLaughlin automobile since 1907 (later to be renamed McLaughlin-Buick) as well as Canadian versions of Chevrolet cars since 1915. The company
19177-716: Was a flat 6-cylinder (air cooled) response to the Volkswagen Beetle , the Chevy II was created to match Ford's conventional Falcon , after sales of the Corvair failed to match its Ford rival, and the Chevrolet Camaro / Pontiac Firebird was GM's countermeasure to the Ford Mustang . Among intermediates, the Oldsmobile Cutlass nameplate became so popular during the 1970s that Oldsmobile applied
19328-428: Was also produced from 1946 to 1948. From here, Holden continued to pursue the goal of producing an Australian car. This involved compromise with GM, as Holden's managing director, Laurence Hartnett , favoured development of a local design, while GM preferred to see an American design as the basis for "Australia's Own Car". In the end, the design was based on a previously rejected postwar Chevrolet proposal. The Holden
19479-528: Was based on the Commodore. The VN Commodore received a major facelift in 1993 with the VR —compared to the VN, approximately 80 percent of the car model was new. Exterior changes resulted in a smoother overall body and a "twin-kidney" grille—a Commodore styling trait that remained until the 2002 VY model and, as of 2013, remains a permanent staple on HSV variants. Holden introduced the all-new VT Commodore in 1997,
19630-496: Was based on the Holden developed GM Zeta platform , that was earmarked to become a "Global RWD Architecture", until plans were cancelled due to the 2007/08 global financial crisis . Throughout the 1990s, Opel had also been the source of many Holden models. To increase profitability, Holden looked to the South Korean Daewoo brand for replacements after acquiring a 44.6 percent stake—worth US$ 251 million—in
19781-484: Was capitalized by William C. Durant on September 16, 1908, as a holding company. The next day it purchased Buick Motor Company , and rapidly acquired more than twenty companies including Oldsmobile , Cadillac , Oakland Motor Car Company , and McLaughlin of Canada. Dr. Campbell, Durant's son-in-law, put 1,000,000 shares on the stock market in Chicago Buick (then controlled by Durant). Durant's earlier company,
19932-599: Was discontinued within a few years, due in large part to the Great Depression. General Motors acquired control of the 'Hertz Drive-Ur-Self System' (now better known as The Hertz Corporation ), the Yellow Cab Manufacturing Company together with its subsidiaries, Yellow Coach Manufacturing Company in 1926 from John D. Hertz who joined the mainboard (John Hertz purchased the car rental business back from GM in 1953 and took it public
20083-706: Was exporting cars to Africa, the Middle East, Southeast Asia, the Pacific Islands, and the Caribbean. Holden began assembling the compact HA series Vauxhall Viva in 1964. This was superseded by the Holden Torana in 1967, a development of the Viva ending Vauxhall production in Australia. Holden offered the LC, a Torana with new styling, in 1969 with the availability of Holden's six-cylinder engine. In
20234-601: Was founded in 1856 as a saddlery manufacturer in South Australia before moving into the automotive field in 1898. It became a subsidiary of the United States–based General Motors (GM) in 1931, when the company was renamed General Motors-Holden's Ltd . It was renamed Holden Ltd in 1998 and adopted the name GM Holden Ltd in 2005. Holden briefly owned assembly plants in New Zealand during
20385-882: Was headquartered in Port Melbourne , with major industrial operations in the states of South Australia and Victoria . The 164-year-old company ceased trading at the end of 2020. Holden's primary products were its own models developed in-house, such as the Holden Commodore , Holden Caprice , and the Holden Ute . However, Holden had also offered badge-engineered models under sharing arrangements with Nissan , Suzuki , Toyota , Isuzu , and then GM subsidiaries Opel , Vauxhall and Chevrolet . The vehicle lineup had included models from GM Korea , GM Thailand, and GM North America. Holden had also distributed GM's German Opel marque in Australia in 2012 and 2013. Holden
20536-714: Was increased to 100%. In 1931, GM acquired Holden of Australia. In 1926, GM created the Pontiac as a "companion" to the Oakland brand, an arrangement that lasted five years. The companion outsold its parent during that period, by so much that the Oakland brand was terminated and the division was renamed, Pontiac. As part of General Motors Companion Make Program , three other companion makes (Buick's Marquette , Oldsmobile's Viking , and Cadillac's LaSalle ) were created. Each of these, however, had less staying power than Pontiac and
20687-417: Was launched in 1948, creating long waiting lists extending through 1949 and beyond. The name "Holden" was chosen in honour of Sir Edward Holden, the company's first chairman and grandson of J. A. Holden. Other names considered were "GeM", "Austral", "Melba", "Woomerah", "Boomerang", "Emu", and "Canbra", a phonetic spelling of Canberra . Although officially designated " 48-215 ", the car was marketed simply as
20838-408: Was more than Holden's capital investment of the same period. From 2004, Holden was only able to make a profit in 2010 and 2011. Industry Minister Kim Carr confirmed on 10 July 2013 that talks had been scheduled between the Australian government and Holden. On 13 August 2013, 1,700 employees at the Elizabeth plant in South Australia voted to accept a three-year wage freeze to decrease the chances of
20989-405: Was not marketed as a "Holden", but rather a "Statesman". The HQ framework led to a new generation of two-door Monaros, and despite the introduction of the similar-sized competitors, the HQ range became the top-selling Holden of all time, with 485,650 units sold in three years; 14,558 units were exported and 72,290 CKD kits were constructed. The HQ series was facelifted in 1974 with
21140-425: Was one of the largest employers in the world—only Soviet state industries employed more people. In 1955, General Motors became the first American corporation to pay taxes of over $ 1 billion. GM operated six divisions at this time, one of which (GMC) only sold trucks. The other five settled into a hierarchy, which consisted, from most- to least-prestigious, Cadillac, Buick, Oldsmobile, Pontiac and Chevrolet. By 1958,
21291-495: Was opened on 5 November 1936 by Prime Minister Joseph Lyons , with construction beginning in 1939 on a new plant in Pagewood , New South Wales . However, World War II delayed car production with efforts shifted to the construction of vehicle bodies, field guns, aircraft, and engines. Before the war ended, the Australian government took steps to encourage an Australian automotive industry. Both GM and Ford provided studies to
21442-435: Was opposed to credit on moral principles (nevertheless, Ford did offer similar credit arrangements with the introduction of the Model A in the late 1920s, but Ford Credit would not exist until 1959). In 1930, GM entered aircraft design and manufacturing by buying Fokker Aircraft Corp of America (U.S. subsidiary of Fokker ) and Berliner-Joyce Aircraft , merging them into General Aviation Manufacturing Corporation. Through
21593-425: Was outside the control of the American parent corporation during World War II. Some historians posit that GM profiteered on both sides, but Alfred Sloan's memoir presents a description of lost control. However, GM found criticism for its tax avoidance around the Opel topic. During the war, GM declared it had abandoned its German subsidiary, and took a complete tax write-off worth "approximately $ 22.7 million", yet after
21744-404: Was powered by a 1.6-litre four-cylinder engine. Fast becoming a popular car, the Gemini rapidly attained sales leadership in its class, and the nameplate lived on until 1987. Holden's most popular car to date, the Commodore, was introduced in 1978 as the VB . The new family car was loosely based on the Opel Rekord E body shell, but with the front from the Opel Senator grafted to accommodate
21895-490: Was renamed General Motors of Canada Ltd. , with R.S. "Colonel Sam" McLaughlin as its first president and his brother George as vice-president allied with the Corporation 1919. Superior Court of Ontario Canada documents show the corporation as indirect parent of General Motors of Canada Limited. General Motors of Canada is a 100% owned Canadian Company. 1918 also saw personnel increase at GM. The number of employees grew from about 49,000 workers to 85,000 workers. Many came from
22046-402: Was resolved February 11, 1937, when GM recognized the UAW as the exclusive bargaining representative for its workers. General Motors produced vast quantities of armaments, vehicles, and aircraft for the Allied war effort during World War II. Its multinational interests were split up by the combating powers during the war such that the American, Canadian and British parts of the corporation served
22197-401: Was shortened to "Holden Ltd". On 26 April 1990, GM's New Zealand subsidiary Holden New Zealand announced that production at the assembly plant based in Trentham would be phased out and vehicles would be imported duty-free—this came after the 1984 closure of the Petone assembly line due to low output volumes. During the 1990s, Holden, other Australian automakers and trade unions pressured
22348-459: Was sold in early 2005. In 1932, GM formed a new subsidiary—United Cities Motor Transport (UCMT)—to finance the conversion of streetcar systems to buses in small cities. From 1936 the company was involved in an unpublicized project, with others, in what became known as the General Motors streetcar conspiracy to buy out streetcar and intercity train transport operators using subsidiary companies, and convert their operations to use buses. In 1935,
22499-431: Was the Chevrolet Corvair in the 1960s. Introduced in 1959 as a 1960 model, it was initially very popular. But before long its quirky handling eventually earned it the reputation for being unsafe, inspiring consumer advocate Ralph Nader to lambaste it in his book, Unsafe at Any Speed , published in 1965. Coincidentally, by the same (1965) model year, suspension modifications and other improvements had already transformed
22650-451: Was the popularity of the Oldsmobile division vehicles that prompted this change, declining sales of V8 engines would have made this change inevitable as all but the Chevrolet (and, later, Cadillac's Northstar ) versions were eventually dropped. In the 1980 model year, a full line of automobiles on the X-body platform, anchored by the Chevrolet Citation , was launched. Again, these cars were all quite popular in their respective segments for
22801-450: Was thoroughly re-engineered, featuring a perimeter frame and semi-monocoque (unibody) construction. Other firsts included an all-coil suspension and an extended wheelbase for station wagons, while the utilities and panel vans retained the traditional coil/leaf suspension configuration. The series included the new prestige Statesman brand, which also had a longer wheelbase, replacing the Brougham. The Statesman remains noteworthy because it
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