the australian government has bailed holden out 3 times already, so whats one more time for luck..... i dont see holden being in bad shape due to gm going down. it will be bought by another firm and would continue on. most of the line up is korean now anyway and the commodore has the least local content of any of the large cars. also the holden logo and the tata logo look like they would swap over easily......
and yes ford told gm no to a merger. they said that gm had too much debt to consider it and pointed out that ford had already done extensive restructuring to put themselves in a situation where they didnt need to even consider such a plan.
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