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Old 07-30-2008, 08:07 AM   #7 (permalink)
Rick_VT
3.8 Liter V6
 
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Join Date: Jul 2006
Location: australia
Drives: VT Acclaim series 1
Posts: 395
Re: Holden Announces $6 Million Loss For 2007

Quote:
Originally Posted by redTT View Post
wait until all their investments starts paying off, their Zeta development costs, their Camaro development costs and their engine development costs have now largely been completed.
If i remember correctly i think GM stuck Holden with hundreds of millions in bills when they delayed the Zeta program for NA which partly cause the big losses they had in 2005-6, with the big downturn in large car sales only a 6 million dollar loss is pretty good, goes to show how good a job they did in taking cost out of making the VE to help limit the loss, lets hope the dollar helps them out a bit with the exports and they can get back to making 100-200 million dollar profits consistently
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