The high price of the Australian dollar makes it more unlikely that the Holden Ute that is available in North America will be sold as a reborn Chevrolet El Camino. General Motors International Operations boss Tim Lee said during the Detroit motor show that while he supports the car, he doesn’t like the current expense of the Aussie dollar against the Greenback.
Lee said that in the U.S., the vehicle has a large amount of cache so they may import it. He said that the export potential of these cars depend on what will happen to the Aussie dollar over the next 12 to 24 months. But Lee said that there’s no business case with the Aussie dollar currently running at $1.05 against the US dollar. L
ast December, GM filed a trademark on the El Camino name and this led to a rumor that the Commodore-based utes are headed for the US. GM had responded and said that this move is only routine paperwork. When GM registered the Nomad trademark, there was speculation that the Commodore Sportwagon may also make its way to the US. T
he Nomad was a Chevrolet two-door wagon. Lee said that the Australian dollar will need to decline to 80 cents or lower to make a business case for the El Camino. It’s impossible to export cars from the Elizabeth plant to the U.S. This is proven by the Caprice-based Chevrolet PPV police car. GM is staying with the program even when it has posted low sales. [source: carpoint]