Holden Owner Says Company Not for Sale

Even if the parent company, General Motors, filed for bankruptcy in the United States, Australian automaker Holden will not be sold, similar to other assets owned by the American manufacturer. This statement belongs to the managing director of Holden, Mark Reuss, who emphasized that despite General Motors' financial problems, Holden will continue operations as normal and won't be sold to an outside investor just like Opel, Saturn or Hummer.

"Holden will not be sold," Reuss told ABC according to a story by drive.com.au. "I can't say forever because some day when I'm not here, and more perhaps when someone may have that idea, but we have not been approached, nor have we been offered, nor are we pursuing any sale of Holden."

Additionally, Reuss unveiled that Holden made profit last month, which does nothing more than to underline the company's current ascending trend.

"I think this is a very closely held asset," he said. "This is one of the iconic brands in Australia, and I think it always will be as long as we take care of it and feed it with the products and the different dealer services that we do today, which are very good."

Mark Reuss said earlier this month that Holden's operations will be unaffected by GM's bankruptcy filing in the United States as the Australian division underwent its very own restructuring process which now helps it remain competitive.

“Holden is a subsidiary of GM but we are a corporate entity in our own right – an independent company under Australian law," Reuss said in a statement rolled out in early June.

“We don’t anticipate this decision will have any direct impact on Holden’s workforce, dealers, or suppliers. Holden customer warranties are not affected and we continue to deliver the sales and service experience that our customers expect. We wouldn’t normally issue statements to highlight nothing has changed, but we appreciate that customers will naturally ask questions about this sort of announcement from the US.”