Industry

Tesla, Elon Musk facing lawsuits for allegedly manipulating stock price

Aug 13, 2018

Tesla and company boss Elon Musk are reportedly facing class-action lawsuits in the US after two separate lawsuits were filed following Musk’s intention to take to company private. As reported just a few days ago,...

Survey uncovers dangerous driving habits of Australian motorists

Aug 08, 2018

The equivalent of 10.9 million Australians have admitted to risky behaviour behind the wheel, according to statistics published in a new survey. The 2018 Safe Driving Report , published by Finder.com.au, polled 1800 Australian drivers...

Tesla considering building European ‘Gigafactory’

Aug 06, 2018

Tesla is reportedly in talks with both Germany and the Netherlands that may well culminate with the opening of Tesla’s first European Gigafactory. According to a report from the Wall Street Journal, government officials are...

Australian vehicle sales for July 2018 (VFACTS)

Aug 05, 2018

It’s the start of the new financial year and as expected car sales took a dive last month, according to the July 2018 VFACTS report. Overall vehicle sales are down 0.2 per cent in the...

Ferrari and FCA boss Sergio Marchionne dies, age 66

Jul 26, 2018

Following major surgery on his shoulder earlier this month, Sergio Marchionne, CEO at Fiat Chrysler Automobiles, has passed away at age 66. Marchionne’s last public appearance was on June 26, where he presented the new...

Lamborghini posts 4th consecutive half-year sales record

Jul 16, 2018

Lamborghini sold 2327 vehicles during the first six months of this year. This is up 11 per cent on the sales effort achieved during the same period last year, and it’s the fourth consecutive half-year...

Top 10 best-selling SUVs in Australia during first half of 2018

Jul 05, 2018

The first half of 2018 is over and the car industry is seeing some big changes in vehicle choice and popularity among buyers (see our June 2018 VFACTS report for more). The SUV market is...

Australian vehicle sales for June 2018 (VFACTS)

Jul 04, 2018

It’s the end of the financial year and unsurprisingly, car sales boomed in the last month of the year. The June 2018 VFACTS report reveals big sales numbers for many car brands, with overall vehicle...

Hyundai interested in acquiring controlling stake in FCA – report

Jul 01, 2018

Rumour has it Hyundai could be looking to acquire Fiat Chrysler Automobiles soon, a report from Asia has revealed. It’s believed Hyundai is simply waiting for FCA stock prices to drop. According to an Asia...

Porsche buys 10% stake in Rimac, forges “development partnership”

Jun 21, 2018

It’s a match made in heaven. Porsche has decided to team up with Croatian electric vehicle specialist, Rimac, acquiring a minority stake of 10 per cent. Rimac, makers of the mental Rimac One and C_Two...

Ford & Volkswagen announce strategic alliance

Jun 20, 2018

Ford Motor Company and Volkswagen AG have announced they have signed into a Memorandum of Understanding agreement that will see the two pair up to strengthen each other. The two companies are “exploring potential projects...

Australian vehicle sales for May 2018 (VFACTS)

Jun 05, 2018

The national new vehicle sales figures have been released, in the form of the May 2018 VFACTS report. Overall sales are up 2.1 per cent in the first five months of the year compared with...

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