GM’s Australian subsidiary, Holden, could be sold if financial troubles at the American auto giant continue. According to global auto expert Graeme Maxton, GM may have to take similar action with Holden as it did in disposing of shares in Isuzu, Subaru and Suzuki . “If you look at in terms of pure economics, their investment in Australia must be under question,” he said yesterday. “GM is having to sell off the family silver and close down anything that is not economic to cut costs in order to survive for the next few years,” he said. The failed Pontiac GTO was based on the Holden Monaro.
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