Holden were, post-subsidies, little more than a domestic marque for imported GM vehicles, and GM were no longer making RHD vehicles. They were a car company which didn't make any cars and had nothing to import.

The brand assets are all that remains, and they're worth a lot more than $1. Once all of Holden's warranty/consumer law obligations are fully exhausted, it might be of interest to someone like SAIC or Geely who could repeat what was done to famous British marque MG Motor. Perhaps in a decade, a Chinese automaker will try their luck with a Holden Commodore Sandman EV.