Holdens likely to be made in South Korea
Holden production is likely to be shifted to South Korea once General Motors (GM) ceases manufacturing in Australia, ABC News has reported.
Stefan Jacoby, GM’s head of international operations, told reporters that there is a “good likelihood” that Australia will source more cars from South Korea, especially given the impending free-trade agreement between Australia and South Korea, which will cut tariffs on imported Korean cars.
“Korea is producing high-quality cars. It will have a major role in our manufacturing set-up in the region and there is a free trade agreement coming up between Australia and Korea,” Jacoby said.
Holden will stop manufacturing cars in Australia in 2017. The company said there have been a number of factors that contributed to its decision to cease Australian production.
CSIRO spin-off targets future health ingredients with precision fermentation
Eclipse Ingredients will use an advanced fermentation-based process to efficiently produce new...
Queensland launches manufacturing advisory council
The Queensland Government has announced that its newly formed Queensland Manufacturing Advisory...
NSW awards $26.2 million in low-emissions technology grants
The NSW Government has announced it is investing $26.2 million to support companies...
