PM hoses down Holden takeover proposal

PRIME Minister Malcolm Turnbull has urged South Australians to be realistic about a Belgian tycoon's plan to takeover Adelaide's Holden plant.

PRIME Minister Malcolm Turnbull has played down a Belgian tycoon's plan to take over Holden's car making plant in Adelaide.

MR Turnbull, who met with Punch Corporation chief executive Guido Dumarey this week, has urged South Australians to be realistic about the likelihood of the takeover going ahead.