General Motors to close Australian plants by 2017

General Motors to close Australian plants by 2017
A cyclist rides past a General Motors (GM) Holden storage facility in Melbourne in this June 2, 2009 file photo. General Motors Co said on December 11, 2013 it would stop making cars in Australia within four years due to high costs and a cripplingly strong currency, fuelling fears rival Toyota Motors will follow suit and put the entire domestic industry at risk of collapse. The decision by GM, the world's second-largest auto maker, to close its Holden plants in South Australia and Victoria states caps a dire year for Australian manufacturing in general and auto production in particular
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