Photo taken on Dec. 11, 2013 shows a car sales store of General Motors Holden in Sydney, Australia. Australia's carmaker Holden with a history of 157 years announced on Wednesday it will cease operation in 2017, resulting in job loss for 3,000 employees. (Xinhua/Jin Linpeng)
Australia's famous carmaker Holden to shut down in 2017
MELBOURNE, Dec. 11 (Xinhua) -- Australia's carmaker Holden with a history of 157 years announced on Wednesday it will cease operation in 2017, resulting in job loss for 3,000 employees.
Acting Prime Minister Warren Truss and Victoria State Premier Denis Napthine have both said "it's a sad and difficult day for Australia." Full story
Australian automotive manufacturing likely to disappear within few years: expert warns
SYDNEY, Dec. 11 (Xinhua) -- An Australian business expert warned on Wednesday that Australia's automotive manufacturing sector could disappear within a few years.
There was a real chance of the entire automotive manufacturing sector vanishing in the country, said Stephen Clibborn, a lecture with the Business School of the University of Sydney, following famous carmaker Holden's announcement it will stop making cars in Australia by the end of 2017, which has left the future of the nation's auto industry in doubt. Full story