GM Holden Ltd is an automaker that operates in Australia, based in Port Melbourne, Victoria. The company was founded in 1856 as a saddlery business, but later moved into the automotive field, becoming a subsidiary of the U.S.-based General Motors (GM) in 1931. Holden has taken charge of vehicle operations for GM in Australasia and, on behalf of GM, holds partial ownership of GM Daewoo in South Korea. Over the years, Holden has offered a broad range of locally produced vehicles, supplemented by imported GM models. In the past, Holden has offered badge engineered Chevrolet, Nissan, Suzuki, Toyota, and Vauxhall Motors models in sharing arrangements, with Daewoo, Opel and Isuzu-sourced models sold currently.