Mercedes-AMG has announced that deliveries for its first-ever electric vehicle, the EQS 53 4MATIC+, have now started here in Australia. While the name might be a bit convoluted, you can think of the EQS 53 as the all-electric alternative to AMG versions of the S-Class, meaning there’s a heap of […]
Day: 12 July 2022
Toyota Australia posts $249 million profit in FY21-22, down from $332m
The turn of a new financial year has seen Toyota post a healthy $249 million profit, however, that’s down $83 million from the previous financial year. All up, Toyota has maintained its healthy command of the Australian market (including through 2021), with its 22.3 per cent market share accounting for […]
Porsche acquires stake in eFuel specialists, HIF Global
Porsche has announced it has invested $75 million into HIF Global, acquiring a sizeable stake in one of the world’s leaders in eFuel research and development. HIF Global’s eFuel technology combines hydrogen, CO2 and wind-turbine-sourced renewable energy, with Porsche saying that this electricity-based synthetic fuel translates to “nearly-CO2 neutral” running […]