After months six months of bids and screening, Holden and General Motors have selected a buyer for the Elizabeth manufacturing plant, which has built Holden cars for decades. Holden made the news official today but did not name the purchaser.
The brand stated the manufacturing site will be transformed into “a master-planned, innovative business park, providing employment opportunities for new and established industries such as resources, engineering, logistics, construction, defense and food and beverage.” Renewable energy industries will also be involved in the site’s transformation.
However, Holden will retain a presence at the Elizabeth facility with a “significant portion” of the site slated to become a spare parts operation for Holden vehicles. Other parties are still interested in securing accommodations at the soon-to-be-decommissioned site.
Holden will initiate the decommissioning process soon after manufacturing ends on October 20, 2017, and said the process will extend into 2019. After contracts are finalized, Holden will reveal the buyer of the historic manufacturing site.