Holden's future is looking increasingly bleak as several Australian outlets are reporting the brand will be axed as early as 2016.

Holden's future is looking increasingly bleak as several Australian outlets are reporting the brand will be axed as early as 2016.

Citing senior government ministers, ABC is reporting Holden was prepared to make the announcement this week but decided to delay the bad news until early next year.
The Australian government has been looking into the possibility of providing financial assistance to the automotive industry but one source told the outlet that Holden will "leave Australia regardless of any assistance package."

Industry Minister Ian Macfarlane dismissed the report but News Corp Australia says rumors have indicated a shutdown could be announced on December 20th. However, sources have said Holden is still debating whether or not to announce the shutdown before or after Christmas.

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