Holden and its Dealers Transition Plans

Above: This Week’s Car Review – 2020 Mitsubishi ASX Exceed

GM Holden has today announced two important steps in the transition of its dealer network, as the company implements its plan to wind-down sales, engineering and design operations.

The company will extend until 30 June 2020 the date by which dealers can accept the current offer from Holden.

Separately, GM Holden will participate in a dispute resolution process to assist in resolving discussions the company has been having with dealers since February.

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The company has proposed conducting the dispute resolution in the first half of June, and it will include discussing further the detailed and extensive information that we have provided to dealers and their representatives, including analysis carried out by PricewaterhouseCoopers, which fully explains the fairness of the company’s offer and dispels misinformation about it.

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Today’s announcement follows GM Holden’s constructive engagement with the Australian Competition and Consumer Commission.

GM Holden’s current offer to dealers remains open for acceptance until 30 June, as has already occurred. It is noted that good faith participation in dispute resolution does not oblige a participant to accept, make, change or increase any offer of compensation.

Extending the date of acceptance will also provide further time for the few dealers which have not yet provided documentation to review their claims around facility investments.

GM Holden firmly believes it has operated in good faith and that its offer is fair and reasonable. The company continues to seek an outcome that supports the transition for dealers and ongoing support for existing customers.

As the company has stated previously, GM Holden wants an ongoing relationship with dealers and it does wish to provide them with the opportunity, as part of a compensation package, to enter into an ongoing long-term service and parts supply agreement.