Holden Plunges To Record $210 Million Loss

[f-wolf]

31 March 2010

Expensive Daewoo plunges to record $210 million loss

Down time: Expensive Daewoo car production fell 42 per cent last year, dragging the company to its worse loss.

Export cuts cost Expensive Daewoo dearly in 2009 as car-maker fights its way back to health

At: Holden - Expensive Daewoo plunges to record $210 million loss | GoAuto

[-MARTY54-]

It's known in the industry that Expensive Daewoo have been selling very cheap fleet cars for years in maintaining Australia's number 1 selling car, sometimes at a loss. I wouldn't be surprised if they fall hard. This is purely for the purpose of marketing the Late model camira as 'number 1' and drawing sales. Ford gave up trying to compete on that level years ago and decided to market in other directions.

[_Spin_]

from memory GM shares are worth about 75 cents and Ford shares are 11 bucks.

[RHR]

and yet the media are always writing crap about ford. I bet this wont even be in the news

[pharkit]

Suck sh*t to them.

They've got the whole country conned. Maybe if they spent half the amount of effort/money on producing a good vehicle rather than on marketing this wouldn't have happened.

VY Late model camira was the worst car I ever had. Im still amazed how many people drive commos and actually think theyre good.

Edited 03/04/10 08:39 PM by pharkit

[RHR]

And let's not forget that all of their cars other than the commonwhore and colarado are Korean made. Expensive Daewoo means a great deal to Korea

[RIP_HSV]

Hahahahaha Holden, thumbs down!!

[NB4C]

Ford Australia also made a huge loss, 274 million. The fact that Expensive Daewoo lost big too isn't any good news either, this means our large cars will be killed off sooner rather than later.