Industry

Australian vehicle sales for September 2018 (VFACTS)

Oct 03, 2018

The new vehicle registration stats for September 2018 are out with the release of the national VFACTS report, and we can see overall new car sales have dropped 0.9 per cent in the first nine...

Aston Martin to offer 25% stock in IPO listing, valued at up to US$6.7 billion

Sep 25, 2018

Aston Martin is planning an initial public offering (IPO) for the beginning of October, seeking a valuation of around US$6.7 billion. This will be the first time the storied brand will be offered on the...

Australian vehicle sales for August 2018 (VFACTS)

Sep 05, 2018

It’s that time of the month again. New vehicle sales stats for August 2018 have been released, in the form of the national VFACTS report, and it looks like sales are slightly down, by 0.3...

Volkswagen to fire more staff following dieselgate scandal – report

Aug 24, 2018

Volkswagen is preparing to cull a number of high-level employees as it recovers from the dieselgate scandal, according to reports. German press Handelsblatt and Bild am Sonntag are reporting the Volkswagen Group is planning on...

GM investing AU$28 million in Holden engineering

Aug 22, 2018

Holden’s parent company General Motors has announced nearly $30 million of extra investment in Australia, which could result in more than 150 new jobs. General Motors confirmed that it will be calling on Australian engineers...

Nissan plans expansion in China, production to increase 30%

Aug 21, 2018

Nissan is planning to expand its production capacity in China by more than 30 per cent, according to a report that says the Japanese manufacturer is eyeing off top spot in the rapidly-growing market. The...

Saudi fund interested in Tesla also looking at Lucid Motors – report

Aug 21, 2018

The Saudi Arabian fund reportedly interested in Tesla’s possible move to go private is also looking to invest in one of Tesla’s competitors, Lucid Motors, according to a report. PIF – the Saudi Arabian sovereign...

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...

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