Holden is waiting on the result of the federal election and negotiations with the new government to determine if it will continue with a commitment made in 2012 to build new generations of the Cruze small car and Commodore production cars at its Elizabeth plant out to 2022.
If those negotiations for more co-investment are unsuccessful then in all likelihood Holden would cease manufacturing in 2016.
It currently has multi-million dollar multi-year contracts with both the Walkinshaw Racing/Holden Racing Team and Triple Eight Race Engineering/Red Bull Racing Australia.
Devereux praised the efforts of Walkinshaw Racing chairman Ryan Walkinshaw in lifting the performance of HRT, which scored its first win since Bathurst 2011 when Garth Tander and James Courtney ran one-two in Race 21 at the Sucrogen Townsville 400.
“Ryan and I are pretty close, we have dinner when we can and I am usually, intimately, aware of what he is doing to make sure we put the best team on the track and I think he is doing that.
“He has a great pair of drivers, the car is showing its mettle and improving every week. Ryan is an aggressive businessman, he plays to win, and I am proud to be his partner.
“Obviously there is an emotional connection with HRT because of the name of the team and so on, and also because Ryan and the Walkinshaw family have been partners with Holden through HSV for such a long time.”