Holden to pull out of Australia from 2016
http://www.abc.net.au/news/2013-12-05/h ... section=sa
Holden has made the decision to pull out of Australia as early as 2016, according to senior Government ministers.
The ABC has been told the announcement was supposed to be made this week but has been put off until early next year.
Holden says its discussions with the Government are continuing, and it does not respond to speculation.
Industry Minister Ian Macfarlane says he has spoken to Holden and they have denied the reports.
The Federal Opposition has warned Holden would make the decision before Christmas if the Government did not announce an assistance package for the industry before then.
The Government has previously said it would wait for the findings of a Productivity Commission inquiry, due in March.
However, one source has told the ABC Holden wants to leave Australia regardless of any assistance package.
Holden closure would cripple automotive industry
Research released last month suggested that Holden's closure would cost the South Australian economy $1.24 billion and 13,200 jobs alone.