Paul Jeffrey
Premium
General Motors have confirmed that the Holden brand will cease to exist by 2021, leaving many teams and drivers of Australia's premier racing series with serious concerns heading into the next decade.
Since practically the beginning of time, the Australian Supercars series has been a battle between Ford and Holden (with the occasional short term rival thrown into the mix), however come the 2021 racing season that is all set to end - with General Motors confirming the Holden name will be shut down and cars removed from sale at the end of the current year.
Holden models are currently on sale in Australia and New Zealand, however the slowdown of global car sales continue to affect the motor industry, and with an ever increasing drive towards investing in electrification, it looks like the famous brand are going to be the latest victim of the industry changes.
In Supercar terms, Triple Eight Race Engineering have an existing contract with the manufacturer up to the conclusion of the 2021 racing season, a deal that is looking increasingly in doubt following the announcement of Holden closing its doors. Holden Managing Director Kristian Aquilina went to on to confirm the manufacturer are going to "talk about the appropriate transition" with the team in the coming days, and would only confirm the brand have "intention is to still go racing in 2020 whilst we’ve got Holden vehicles out there in dealer showrooms.”
Rocky times for one of the best racing series in the world.
Original Source: Touringcartimes
Since practically the beginning of time, the Australian Supercars series has been a battle between Ford and Holden (with the occasional short term rival thrown into the mix), however come the 2021 racing season that is all set to end - with General Motors confirming the Holden name will be shut down and cars removed from sale at the end of the current year.
“I’ve often said that we will do the right thing, even when it’s hard, and this is one of those times,” announced GM chairman and CEO Mary Barra.
“We are restructuring our international operations, focusing on markets where we have the right strategies to drive robust returns, and prioritizing global investments that will drive growth in the future of mobility, especially in the areas of EVs and AVs.
“While these actions support our global strategy, we understand that they impact people who have contributed so much to our company. We will support our people, our customers and our partners, to ensure an orderly and respectful transition in the impacted markets.”
Holden models are currently on sale in Australia and New Zealand, however the slowdown of global car sales continue to affect the motor industry, and with an ever increasing drive towards investing in electrification, it looks like the famous brand are going to be the latest victim of the industry changes.
In Supercar terms, Triple Eight Race Engineering have an existing contract with the manufacturer up to the conclusion of the 2021 racing season, a deal that is looking increasingly in doubt following the announcement of Holden closing its doors. Holden Managing Director Kristian Aquilina went to on to confirm the manufacturer are going to "talk about the appropriate transition" with the team in the coming days, and would only confirm the brand have "intention is to still go racing in 2020 whilst we’ve got Holden vehicles out there in dealer showrooms.”
Rocky times for one of the best racing series in the world.
Original Source: Touringcartimes
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