Holden’s departure may drive out the last remaining carmaker Toyota and further damage a manufacturing sector that has shrunk to 7.1 per cent of Australia’s economy from 29 per cent in 1960. Photograph: The Flint Journal

General Motors’s Holden unit, Australia’s largest carmaker, said it would close production lines in 2017 after 69 years, joining Ford in exiting an ec(...)

A cyclist rides past a General Motors (GM) Holden storage facility in Melbourne. Photo: Reuters

General Motors is to stop making cars in Australia by 2017 due to high costs and a cripplingly strong currency.The decision by the world’s second-larg(...)