South Australian Premier Jay Weatherill will travel to General Motors in Detroit next month in a bid to convince executives to sign a deal that could secure the future of Holden's Elizabeth factory.

Key points: Belgian entrepreneur seeking to take over Elizabeth factory

Belgian entrepreneur seeking to take over Elizabeth factory Negotiations required over intellectual property

Negotiations required over intellectual property Premier to remind Holden of 'obligations' to South Australia

General Motors (GM) plans to close the factory in northern Adelaide next year when it withdraws from Australian manufacturing but Belgian entrepreneur Guido Dumarey wants to take over the plant.

Mr Dumarey and his company, Punch Corporation, need to convince GM to allow the deal, which will include negotiations over intellectual property rights.

Mr Weatherill said he would talk to GM about a number of options for the Holden plant.

"Punch and a range of other organisations have put forward positive plans for the future of that plant," he said.

"There's no doubt, though, that the most positive plan that seems to be in front of us at the moment is the one that's being advanced by Punch, so that will be front and centre in our considerations."

Mr Weatherill said he planned to remind the company of its obligations to South Australia.

"An absolute pre-condition to Punch getting their idea off the ground is the cooperation of General Motors Holden," he said.

"I want to remind General Motors Holden of its long history in South Australia, of the fact they still want to sell cars here and the fact that a lot of government money over the years has gone into supporting their business being a thriving business," he said.

"We'll be asking General Motors to do everything they can to be flexible, to offer every support to somebody that wants to continue to create jobs and opportunities for the people of the north."

Federal Industry Minister and local MP Christopher Pyne plans to meet with GM Holden managing director and chairman Mark Bernhard on Wednesday.

He said he would push for the company to seriously consider Punch Corporation's proposal.