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Vietnamese car company Vinfast the likely buyer for Holden test track


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#1 v6 torana

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Posted 18 August 2020 - 07:12 AM

Hoping this sale of oz motoring history / land is blocked to any overseas buyer:

 

https://www.drive.co...?trackLink=SMH0

 

Vinfast is believed to be the winning bidder for Holden’s test track, however a local green group is continuing to lobby for the preservation of more than half the site for environmental conservation. The iconic Holden test track on the south-eastern outskirts of Melbourne is being sold after General Motors announced in February it was axing the Holden brand from the end of this year. The Save the Holden Bushlands Group wants the new owners of the facility to be compelled to preserve the eastern half of the 877-hectare (2167-acre) site, which has been left largely untouched by Holden since it acquired the property in 1957. Vietnamese startup car company Vinfast – owned by one of Vietnam’s richest men, billionaire Pham Nhat Vuong – is believed to have outbid other candidates, including transport magnate Lindsay Fox who also owns the vast Anglesea vehicle testing facility south-west of Geelong.The sale price of the Holden Lang Lang test track is yet to be disclosed, but Drive understands the winning offer exceeded $20 million. An announcement confirming the sale could be made in the coming weeks.

Drive understands if Vinfast is the winning bidder, the purchase will require the approval of the Federal Government’s Foreign Investment Review Board. This process is understood to be a formality, although there may be a backlog due to new restrictions on foreign purchases during COVID-19.

 

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#2 Shiney005

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Posted 18 August 2020 - 09:56 AM

I don't know which is worse.  The sale to another country, or the fact that the local greenies can have any say in the matter.

Lorbek has just become the importer for both Koenigsegg, and the Pininfarina Battista, both of which are 5 million dollar cars. There must be an Aussie car enthusiast out there somewhere who could afford to buy it. 



#3 Hatchback13

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Posted 18 August 2020 - 10:44 AM

Can’t believe this country can’t keep hold of anything, such a shame. If only street machine could buy it!!

Edited by Hatchback13, 18 August 2020 - 10:48 AM.


#4 Redslur

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Posted 18 August 2020 - 12:04 PM

At least that can't physically take it anywhere else. Just hope it retains its purpose.....



#5 Dr Terry

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Posted 18 August 2020 - 04:29 PM

Can’t believe this country can’t keep hold of anything, such a shame. If only street machine could buy it!!

If you mean 'Street Machine' the magazine, I believe that is owned by the German company Bauer Media.

 

Dr Terry 



#6 Hatchback13

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Posted 18 August 2020 - 05:10 PM

Haha I didn’t know that! Just imaged what it would be like if someone like that had it, I’m sure there would be some awesome events there. cheers.

#7 Chips

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Posted 18 August 2020 - 05:18 PM


yeah would be good buy.
they lead the way.
nurburgring and autobahn.
as about as good as it gets.



#8 lakeside

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Posted 19 August 2020 - 07:05 PM

Dan Andrews should buy it, he wasted $1000,000,000+ not to build a tunnel.



#9 Ice

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Posted 19 August 2020 - 07:19 PM

Id rather see it returned into natural bushland than sell it to the Squints




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