Vietnamese start up automotive manufacturer, VinFast, has signed an agreement to purchase the 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 Lang Lang.
“The Lang Lang Proving Ground will continue to shape the global automotive industry,” said Aquilina. “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.
“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.
“In some ways, it’s the end of an era. We pay tribute to 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,” added Aquilina.
VinFast said it was committed to the ongoing protection of the local bushland and environment and 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.
VinFast is a start-up based in Port Melbourne. The organisation has recruited staff from Holden, Ford, Toyota, and Jaguar Land Rover.