Holden promises $6 billion payoff at launch of new VF Commodore Thing of beauty .... Holden unveils its VF SS Commodore sports sedan. HOLDEN says production of its "world class" VF Commodore - and its successors - will generate more than $6 billion in economic benefits for Australia. The company unveiled the sport version of its VF Commodore to the workforce that builds it at Elizabeth today, talking up local manufacturing and export potential despite a strong currency. Holden chairman and managing director Mike Devereux said the workforce at Elizabeth was critical in building a world-class car for domestic and export success. "The VF represents a sea-change in terms of the type of vehicle we can create in this country, it's a class above anything that we've ever done or has ever been done in this country, we're very proud that you can export things from Australia - they have to be world-class and this fantastic manufacturing facility and the team that put the VF together have delivered on that," he said. Cheers for the new VF SS Commodore sports sedan! At the unveiling of the new car are, from left, chief designer Brett Vivian, design director Andrew Smith, Holden managing director and chairman Mike Devereux, Premier Jay Weatherill, Holden executive director of manufacturing Richard Phillips Wakefield MHR Nick Champion. Picture: Mark Brake The car is being unveiled well before it goes on sale in June because the export version - the Chevrolet SS - is being revealed in the US tomorrow. The export model, which supplies the body aesthetics for the Chevrolet NASCAR competitor, will debut at the upcoming Daytona 500, former Holden boss, now GM North America president, Mark Reuss has revealed. Mr Devereux has again defended the co-investment strategy with the South Australian and Federal governments, which was expected to reap $6 billion of local economic benefit - ranging from income for component suppliers to workers' wages in Adelaide's northern suburbs - during the life-cycle of the next-generation products out to 2022. ``It's two billion for VF and four billion for the next-gen models, between 2016 and 2022 in economic activity and injection in the Australian economy," he said. "The country understands what manufacturing means to the country, we need to fight for our right to be able to have hi-tech manufacturing," he said. "We take our taxpayer assistance very seriously and we want to make sure we provided a great return on investment for everybody in the country and we believe we're doing just that," he said. Apprentice electricians Garick Willet and Troy Beagley check out the new SS Commodore. SA Premier Jay Weatherill believes the $50 million co-investment in Holden's manufacturing future offers taxpayers value for money. We've invested $50 million and it's going to leverage the future of 16,000 jobs in SA, I think on anybody's reckoning that is a great deal for this state - a billion worth of investment through until 2022, that's the agreement that has been reached. Mr Weatherill refused to speculate on further co-investment funding in light of current budget concerns, suggesting the Government had a deal in place out to 2022 to secure the long-term future of Holden in SA. Love your work ... Holden employees watch the unveiling of the VF SS Commodore sports sedan at the Elizabeth plant. "What we're dealing with today is a company that's invested in a new model - we've revealed the people in this workplace can build a world-class car and that's the thing which is going to secure Holden's future more than any other factor," he said.