Thursday, January 22, 2009
Holden axes the return of Cadillac's to Australia
|The American luxury brand was initially supposed to be introduced in Australia during the last quarter of 2008, but GM postponed the launch for this February.The famous nameplate was due to make a return to Australia next month after an absence of more than 70 years, but the growing economic gloom and currency fluctuations have forced parent company General Motors to postpone the launch.The luxury car sales dropped off dramatically mid-way through last year. The shock decision comes just a week before Australian media were scheduled to drive the car for the first time on local soil as Holden has already imported 89 CTS models.
The CTS uses a more powerful version of the Holden Commodore’s 3.6-litre V6 engine. It was expected to be followed late this year by a sporty coupe version and possibly a wagon and compact 4WD.