Holden To Bring New Corvette To Australia

General Motors Holden has confirmed that the next generation mid-engine Corvette will be built in right-hand-drive and will be made available in Australia.

“Like anyone with a hint of petrol in their veins, we were glued to our screens watching the reveal of the new Corvette,” said Dave Buttner, Chairman and Managing Director of Holden. “The news that Corvette will now be built in right-hand-drive for the first time ever – and will be exported to Australia – is hugely exciting for our team at Holden and any Australian who loves high performance cars.

“With our long history in motor-racing, performance vehicles are an indelible part of the Holden brand. Our team is totally revved up to build on Holden’s performance legacy with the most technologically advanced Corvette ever built.

“We look forward to taking on the European and Japanese performance vehicles with some highly sophisticated American muscle.”

“Corvette has always represented the pinnacle of innovation and boundary-pushing at GM,” said GM President Mark Reuss. “The traditional front-engine vehicle reached its limits of performance, necessitating the new layout. In terms of comfort and fun, it still looks and feels like a Corvette, but drives better than any vehicle in Corvette history. Customers are going to be thrilled with our focus on details and performance across the board.”

The new mid-engine layout gives the Corvette:

  • Better weight distribution, with the rear weight bias enhancing performance in a straight line and on the track.
  • Better responsiveness and sense of control due to driver positioning closer to the front axle, almost on top of the front wheels.
  • The fastest 0-100km/h time of any entry Corvette — approximately three seconds when equipped with Z51 package.
  • A race car-like view of the road due to lower positioning of the bonnet, instrument panel and steering wheel. Excellent forward sightlines throughout the vehicle for both driver and passenger.
  • An enhancement of the Corvette’s traditional utility strengths with dual boots, ideal for luggage or two sets of golf clubs.

“As America’s most iconic performance nameplate, redesigning the Corvette from the ground up presented the team a historic opportunity, something Chevrolet designers have desired for over 60 years,” said Mike Simcoe, Vice President of Global Design, General Motors. “It is now the best of America, a new arrival in the mid-engine sports car class. We know Corvette can stand tall with the best the world has to offer.”

The new location of the engine is visible through the large rear hatch window. GM says the Corvette’s canopy-forward stance was inspired by F22s, F35s and other modern fighter jets, along with Formula One racing, adding that the Corvette is designed for superior ride comfort on the highway and well-balanced handling on the track.

“Thanks to sophisticated suspension geometry, tailored tyre technology and exquisite attention to structural details, we have improved ride and handling,” said Tadge Juechter, Corvette Executive Chief Engineer. “No Corvette has ever felt so comfortable, nimble and yet completely stable.”

The new Corvette is powered by the LT2 ‘small block’ 6.2L V8 engine, producing 369 kW of power and 637 Nm of torque when equipped with performance exhaust. The LT2 is paired with an eight-speed dual-clutch transmission and features double-paddles on the steering wheel for a ‘different’ shifting experience.

“Though now placed behind the driver, the LT2 gives the same visceral experience we all expect from Corvette,” said Jordan Lee, GM’s Global Chief Engineer of Small Block engines. “The LT2 has been designed to deliver excellent low-end torque and high-end power to give thrilling pedal response at any RPM.”

New Corvette production begins at GM’s Bowling Green facility in late 2019. Holden said it will share further details about Corvette in Australia at a later date.

Holden Financial Services Launches In Australia

GM Financial, the global automotive finance company of General Motors, has officially launched its Australian business, Holden Financial Services.

Holden Financial Services Managing Director, Richard Tatford, said GM Financial’s expansion into Australia is a compelling opportunity to partner with an established domestic automotive brand, a highly competitive vehicle portfolio and a committed dealer network.

“Holden Guaranteed Value – our first product offering – gives customers the choice and flexibility to trade in, keep or return their vehicle at the end of their selected finance term, with the peace of mind around the future value of their vehicle,” said Tatford.

“It is a promise to our customers that their vehicle should retain its value over time, because of the assurance of a guaranteed buyback at the end of their loan agreement. Customers can rest assured that the value of their vehicle is future proofed.”

“Our expansion into Australia is the latest example of how we are growing our business and providing mobility solutions that help us earn customers for life,” said Rick Livingood, Executive Vice President, Asia Pacific, GM Financial, who visited Melbourne for the Australian launch. “We are fully focused on creating added incremental value for Holden, the dealer network and our retail customers.”

Holden Chairman and Managing Director Dave Buttner said the launch of Holden Financial Services means the Holden dealer network can now utilise GM’s captive finance company to offer competitive and innovative finance options for customers.

“The launch of Holden Financial Services reflects General Motors’ confidence in the future of Holden,” said Buttner. “Many Holden dealers and customers have consistently told us that they would like the choice of a captive finance company as they consider finance options for a new vehicle purchase. We are delighted to now be able to offer Holden Financial Services, backed by the strength and global footprint of GM Financial.”

In addition to Australia, GM Financial has operations in the US, Brazil, Canada, Chile, China (through joint ventures), Colombia, Mexico and Peru, covering approximately 90 per cent of GM’s worldwide automotive sales footprint.

Dave Buttner Appointed Chairman And MD Of GM Holden

Automotive industry veteran Dave Buttner will become Chairman and Managing Director of GM Holden, with Mark Bernhard to retire from Holden and the wider GM group at the end of July, the company announced today.

The leadership transition comes at an important time for the Holden business, as it seeks to leverage its “strongest ever vehicle portfolio to win more customers, grow sales and strengthen GM Holden for the future,” said GM Executive Vice President and President of GM International Barry Engle.

“Dave’s proven track record and understanding of Holden’s markets – and the company’s potential in those markets – makes him the right leader for this next phase in the evolution of the business,” said Engle.

“GM’s most senior leadership strongly believe that we have a rare jewel in Holden, an iconic Australian brand that understands the needs of Australian and New Zealand drivers.

“Dave’s mandate is to work closely with our dealer network to win more customers for life, grow Holden’s market share and ensure our business is strong and profitable for the long term.

“Holden has all the building blocks for future success, including the best and most comprehensive vehicle portfolio in Holden’s history; the introduction of Maven, OnStar and GM Financial; and the ongoing global design and engineering work that continues in Australia.

“Dave is an outstanding leader with a peerless record of success in Australia and New Zealand. Holden will have a strong future under Dave’s leadership.”

“As Mark hands over the reins of Holden, I want to recognise all of his contributions over his career at GM. I appreciate his passion and commitment to Holden during his tenure as Chairman and Managing Director and throughout his career,” said Engle.

Bernhard said the opportunity to lead the company where he began his career in 1986 has been a privilege.

“Holden is where it all started for me. It has been an honour to lead Holden as we laid the foundation for a new future of this iconic Australian company,” said Bernhard.

“I am grateful to GM and the terrific people I have worked with through a career that spanned Australia, Europe, the US, Singapore and China – exceeding my wildest dreams when I joined the company as a fresh-faced eager graduate.

“Holden was born here and has a special place in our hearts. I wish Dave and his team every success for the future.”

Buttner has had an extensive 40-year career in the automotive industry, having most recently been President of Toyota Motor Corporation in Australia from May 2014 to December 2017. In his time at Toyota, Dave performed senior roles in Manufacturing, Sales and Marketing, Corporate Affairs and Product Planning and Development. Throughout these roles, Dave maintained a focus on customers and dealers. Buttner also led Toyota on its transition from a manufacturer and distributor to an importer and national sales company.

He will begin as Chairman and Managing Director of GM Holden on 1 August 2018.

“I am honoured and energised by this incredible opportunity to lead Holden, a company which is part of the fabric of our country,” said Buttner.

“I look forward to working with our people, our dealers and our partners to grow our business and get more and more Australian and New Zealand drivers behind the wheel of more and more Holdens.”