British billionaire eyes electric car plan for former Holden factory

Sanjeev Gupta is reported to have approached General Motors to buy assets from South Australia’s closed Elizabeth factory

Fresh from rescuing the Whyalla steelworks from receivership, Britain’s “man of steel” Sanjeev Gupta is now eyeing an ambitious plan to build electric cars at the former Holden site in South Australia.

The Advertiser is reporting that the British billionaire and GFG Alliance boss has approached General Motors Holden to buy assets from the closed Elizabeth factory.

Related: ‘It’s a bit of pride’: the last Holden marks an end of car manufacturing in Australia

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