£15m WORKS EXPANSION
General MotorsHolden’s MELBOURNE, December 22. General Motors-Holden’s, Ltdwill go ahead with its £lsm. expansion programme in Australia. The company’s managing director (Mr Harlow Gage) announced this today, when he returned to Melbourne by air from the United States. Mr Gage went to Detroit and New York two weeks ago to discuss with directors of General Motors in America the proposed expansion in Australia, and the effect of the Australian Government’s anti-inflation legislation. He said today: “The directors of General Motors have great faith in Australia. We will go ahead with the expansion programme, in spite of the Government’s legislation. "We will spend £lom in South Australia and the rest in Melbourne and Sydney. The money in South Australia will be spent on a new stamping and body factory."
Mr Gage said the nominal output target of General MotorsHolden’s next year was 150,000 Holdens.
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Bibliographic details
Press, Volume XCIX, Issue 29395, 23 December 1960, Page 11
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146£15m WORKS EXPANSION Press, Volume XCIX, Issue 29395, 23 December 1960, Page 11
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