Vietnam’s first domestic car manufacturer, VinFast and GM Holden have signed an agreement for VinFast to purchase the iconic GM Holden Proving Ground at Lang Lang in Victoria.
GM Holden Interim Chairman and Managing Director Kristian Aquilina said the sale meant that global automotive research and development would continue at the Lang Lang Proving Ground.
“The Lang Lang Proving Ground will continue to shape the global automotive industry. Over the past five years, GM has invested in the laboratories and tracks at the site, which will now be well utilised by its new owners,” said Aquilina. “This deal hits a sweet spot of a fair sale value, a ready-made facility for VinFast’s needs, ongoing employment for departing Holden employees and the preservation of amenity for the community.”
Aquilina went on to say: “In some ways, it’s the end of an era. We pay tribute to the rich automotive history created at the Proving Ground, and the brilliant Holden people who worked there. At the same time, its genuinely pleasing to know there’s a bright future there as well.”
VinFast said it was committed to the ongoing protection of the local bushland and environment and it intends to continue to allow access for community Landcare activities. The company also intends to honour Holden’s heritage at the iconic site by allowing access for Holden car clubs and former employee open days.
Aquilina said that under the agreement, GM Specialty Vehicles will continue to access the Lang Lang site for testing and engineering validation new products in local conditions.