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Holden GM's star performer
By Neil McDonald
Herald Sun

HOLDEN emerged as a star performer in the General Motors global empire last year, generating profit growth even as it surrendered the No.1 sales position.

GM's Asia-Pacific division, which includes Holden, earned $577 million last year, more than three times the net income of $188 million in 2002, GM Corp's 2003 results announced this week show.

Holden spokesman Tristan Everett said the Asia- Pacific result vindicated the local company's drive to build profitability rather than chase top sales spot.

With bumper sales last year, Toyota snatched Holden's sales crown, selling 186,370 vehicles and achieving a market share of 20.5 per cent against Holden's No.2 spot with 175,412 vehicles and a 19.3 per cent market share.

A total of 909,811 vehicles were sold, an all-time record.

GM generated more than $32 billion in cash in 2003, about three times the company's original target, including more than $10billion from automotive operations, as well as proceeds from non-core asset sales and global debt offerings.

Its automotive operations earned $1.1 billion, compared with $2.6 billion in 2002, the company blaming the slide in profitability on higher pension and health costs in the US.

Chairman and chief executive Rick Wagoner said the result not only underscored the strength of the region and GM's rapid growth in China but also of the company's finance company, GMAC.

Mr Wagoner said: "In 2003, China became the world's third-largest market, and we expect sales to continue to grow this year.

"By leveraging our strengths as a global manufacturer with strong brands and great cars and trucks, we expect to improve our automotive profitability, increase revenue and build market share in 2004."

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i look at most holodens and think buick.

they would make great siblings. design some in us called buicks share with holden, design some in ausi, share them with buick. they are comferable, fast, great looking cars. its just buick of yesteryear.
 

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Originally posted by Smilingoat@Jan 24 2004, 01:17 PM
i look at most holodens and think buick.

they would make great siblings. design some in us called buicks share with holden, design some in ausi, share them with buick. they are comferable, fast, great looking cars. its just buick of yesteryear.
The looks of the Statesman (above) are what the current Buicks should look like. Much of Buick styling is stuck in the mid-90's.
 

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Originally posted by Ming+Jan 25 2004, 01:59 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Ming @ Jan 25 2004, 01:59 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Smilingoat@Jan 24 2004, 01:17 PM
i look at most holodens and think buick.

they would make great siblings. design some in us called buicks share with holden, design some in ausi, share them with buick. they are comferable, fast, great looking cars. its just buick of yesteryear.
The looks of the Statesman (above) are what the current Buicks should look like. Much of Buick styling is stuck in the mid-90's. [/b][/quote]
That looks like mid-90s Lexus...

<_<
 

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The current Statesman/Caprice looks nothing like a Lexus - IMHO, it's a stand alone design

Mike
 

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they look like a catera with a facelift... that's why the gto look like a 2 door catera.
I believe they're far too plain looking to be buicks.
on the other hand, I'd LOVE to see again a v8 rwd buick!!!! :D
 

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GM should bring Holden to the USA. Not as Ponitacs but as Holden. Make the Olds dealers into Holden, they have no need to build new dealers. They have many nice RWD V8 cars that we dont have here.
 

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Trouble is, Holden could never produce enough vehicles and the UAW would get upset at moving production from NA.

But I would love to see the HSV cars here, especially the GTS.
 

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Dang we need to have Holden come over here and teach the UAW to build cars with that much profit. Imagine how much GM would make if they all saved as much money as Holden does. I hope ALL new GM plants are built to work like Holdens.
 

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If Holden can be that profitable, I don't see why all of GM can't be. I love the idea of replacing Olds dealerships w/ Holdens.
 

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that statesman caprice is a fine example of why a RWD car is worthy here in the U.S. rumor has it that the caprice may possibly return here as a RWD in '07. perhaps that stateman might be the one. who knows. Holden brought us the GTO here and even though some people have that you love it or hate it look, over all quality, ride, comfort and handling according to magazine reviews rivals most european competitors. i only wish the UAW here can have that type of finesse and fit and finish on our cars here. that statesman caprice sure looks nice. definately can pass for a buick roadmaster if they slap the LS1 in it. better yet, bring back the caddy fleetwood. :bounce:
 
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