General Motors (GM) announced it would no longer make cars suitable for Australian roads and it's axing of the Holden brand at the end of 2020.
Exiting the Australian market and other right hand drive markets such as Thailand is expected to cost the company $1.5 billion.
The move comes just three years after local manufacturing ended with the shuttering of the Holden plant at Elizabeth in Adelaide’s northern suburbs.
GM announced on Monday it would stop producing vehicles for right-hand-drive markets.
The company released its first all-Australian built car in 1948.
If you’re one of Holden’s many Australian or New Zealand customers your warranties and servicing packages you got when you bought your car will still be honoured.
The company also promised it would continue to provide servicing and spare parts for at least a decade through its aftersales network, which would also continue handling recalls if they arise.
GM has blamed “significant change globally and locally”, which despite attempts to “sustain and improve the business”, have ultimately brought about its demise.