Se­cure in­vest­ment

Wheels (Australia) - - Editor’s Letter -

One of the great un­knowns at the time of But­tner’s ap­point­ment was how much patience Gen­eral Mo­tors has for a for­eign out­post with five per­cent mar­ket share. “One of my first ques­tions of GM was “What’s your com­mit­ment to Holden?’ said But­tner. “Frankly, I was buoyed by the re­sponse.” Seems GM was telling the truth. Three weeks af­ter my meet­ing with But­tner, Holden an­nounced it will be­come a devel­op­ment hub for GM’S au­ton­o­mous and elec­tric ve­hi­cles. The deal will see the cre­ation of 150 new jobs (tak­ing Holden’s design and en­gi­neer­ing work­force to 500) and boost R&D ex­pen­di­ture to $120m, with the re­cently up­graded Lang Lang prov­ing ground to play a key role.

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