excerpt from the
Unique Cars and Parts Holden Heritage feature...
Selling It To Detroit
A major production which was rehearsed for 3 weeks in
New York and involved 18 stenographers, 7 photographers
and photographic reproduction men, 2 statisticians plus
experts from GM finance, materials and manufacturing
divisions all with the aim of convincing the committee
of approving the project in principal, it was finally
approved in November 1944.
But it almost did not eventuate, with the US deciding
that it would not invest in Australia (despite making
hefty profits from its Australian operation) and only
when the Commonwealth Bank came up with £2,500,000
pounds and the Bank of Adelaide came up with the balance
of £500,000 pounds did the project finally get
off the ground.