Industry

Volkswagen sells thousands of illegal vehicles, issues recall – report

Dec 13, 2018

Volkswagen is in strife again for taking part in illegal activity. This time it seems the company may have sold up to around 17,000 pre-production vehicles to customers which were not approved by authorities for...

Renault-Nissan boss Carlos Ghosn indicted, misstating pay

Dec 11, 2018

Nissan chairman Carlos Ghosn has been indicted for financial misconduct in Japan, following an arrest last month. Ghosn was accused of under-reporting his salary and using the Renault-Nissan-Mitsubishi Alliance to plan unlawful financial gain. Ghosn,...

Volvo sets global annual sales record already, before December

Dec 05, 2018

Volvo Cars has reported a new record for global sales, selling 582,096 vehicles during the January through November period. This is up 13.5 per cent on the efforts achieved in the same period last year....

Australian vehicle sales for November 2018 (VFACTS)

Dec 05, 2018

The November 2018 VFACTS report is out, revealing the best-selling new vehicles in Australia. It’s coming down to crunch time, with firm predictions now possible on what vehicles will be the best-sellers of the year....

Porsche tops US 2018 J.D. Power Sales Satisfaction Index

Nov 15, 2018

Porsche has topped the US 2018 J.D. Power Sales Satisfaction Index study for luxury car brands, jumping three spots from last year. MINI came out on top for the mass market car brands. This is...

Australian vehicle sales for October 2018 (VFACTS)

Nov 06, 2018

The October 2018 VFACTS report covering new vehicle registrations in Australia is out, and we can start to piece together what cars are likely to be the best-sellers in their respective segments for the year....

Tesla posts first quarterly profit in 2 years

Oct 25, 2018

Tesla has reported its third quarter earnings, bagging a net income of US$312 million. This is the first profit for the company in two years, helped by rising production of the Model 3. The company...

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...

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