After a small scare, Australians won’t have to worry about the Elizabeth plant shutting down anytime soon, as GM-Holden will build two all-new cars in Australia by the second half of this decade. This was made possible by a deal that resulted in a $275 million ASD co-investment from the Australian and South Australian Governments in GM Holden.
As a result of the deal, GM plans on directly investing well over a $1 billion ASD over the next 10 years through vehicle development and manufacturing at Elizabeth — until 2022. The pair of new vehicles will utilize global GM architectures — though there are no hints as to which ones, exactly. In total, Holden is expected to contribute up to $4 billion to the Australian economy. Holden claims that number is estimated with regards to manufacturing the vehicles locally (versus importing), including total manufacturing expense of Holden (wages, utilities, contractors, maintenance etc), local supplier material content and Holden incremental non-manufacturing costs.