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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