Billionaire Gupta sets sights on making electric cars in Australia
Melbourne
BRITISH industrialist Sanjeev Gupta is set to bid for industrial assets at General Motors Co's former Holden manufacturing site in South Australia, according to the state's treasurer, aiming to use the equipment to build electric vehicles.
If successful, the purchase would bring Australia's now defunct car manufacturing industry back to life, and add to a string of ambitious investments by Mr Gupta, executive chairman of GFG Alliance, that include plans t…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford profit beats on commercial sales; EVs still dragging
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan