Brakes slam on Holden rescue

A last-ditch effort to save Holden’s Australian manufacturing facilities from closure has failed after both the carmaker’s management and the Belgian entrepreneur behind the push agreed it was “not possible”. GM International and Punch Group chief Guido Dumarey, who wanted to keep building the Commodore, agreed that there were too many “insurmountable” challenges to make the proposal work. The announcement came on the same day as Holden said it would halt Cruze production this October, with the loss of about 400 jobs.