Holden has announced it will build two all-new cars in Australia by 2020.
The carmaker has confirmed the new models will be based on global models and share platforms from within parent company General Motors. The investment will be to the tune of $275 million from the Australian, South Australian and Victorian governments. Holden will also invest over $1 billion to the next-generation development and manufacturing program for the next 10 years.
In a statement, Holden Chairman Mike Devereux, said "The two new Australian-made cars will be world-class. They will be underpinned by global architectures from within General Motors and bring new fuel-saving, connectivity and safety technologies to Holden's portfolio."
