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The Blue Oval is done making cars in the land Down Under.

Nearly 500 employees of Holden, GM's Australian outpost, will be without jobs as the company adjusts to the high dollar, fierce competition from foreign rivals and lagging Commodore (shown above) and Cruze sales. In 2005, Holden sold 66,794 Commodore models. But that number plummeted to just 30,532 units last calendar year, prompting the automaker to lay off 170 workers just five months ago. With this latest round, about 100 jobs will be cut in its Melbourne product development facility and anot

Chevrolet Cruze Hatchback – Click above for high-res image gallery

2012 Holden Volt - Click above for high-res image gallery

According to Australia's Drive, Holden boss Mark Reuss has confirmed that General Motors' Australian outpost will produce a hatchback version of the Cruze sedan that it shares with Chevrolet.

Click above for a high-res gallery of the Holden Cruze

Click above for a high-res gallery of the Holden Cruze

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