The Federal Chamber of Automotive Industries (FCAI) is welcoming a move from the federal government to impose new fuel quality standards in Australia and support a number of fuel refineries around the country. The FCAI says the government’s move to support two fuel refineries in Geelong and Brisbane and impose […]
Industry
Toyota revenue up 11% in Q4, sells 9 million cars in FY2021
Toyota has managed to buck the trend of automakers being effectively crippled by both the pandemic and semiconductor shortages, with the world’s largest auto manufacturer nearly doubling its operating profits in the four quarter of the financial year. The news comes as Toyota posts its financial results for the financial […]
Nissan reports record loss for FY2021, chip shortage to blame
Japanese manufacturer Nissan has reported a record operating loss in the 2022 financial year, and it says the global shortage of semiconductors has been the primary driver. In a statement, Nissan said the combined impact of the coronavirus and semiconductor shortage were to blame for the 150.7 billion yen (AU$1.7 […]
AGIG & ACTO receive $28m funding to kickstart hydrogen economy in Australia
The Australian Gas Infrastructure Group (AGIG) and major utility provider ACTO have received a $28 million investment to help the firms scale up the production of green, sustainable hydrogen. The funding came from the Australian Renewable Energy Agency (ARENA), which is hoping the cash injection will help boost commercial-ready production […]
Australian vehicle sales for April 2021 (VFACTS)
As expected, new vehicle sales in Australia during April 2021 were very positive, with VFACTS new vehicle registration figures, handed out today, confirming the numbers as the best April on record. During April 2021, Australian consumers snapped up 92,347 vehicles. That’s up a whopping 137.2 per cent on April last […]
FCAI praises Victoria for offering subsidy for EV buyers
The Federal Chamber of Automotive Industries (FCAI) is praising the Victorian government for its ‘balanced’ approach supporting electric vehicle owners, amid wide scale criticism of Australia’s lack of incentives for the purchase of a new EV. Recently, the Victorian government outlined a $100 million plan to kick-start electric vehicle ownership […]
Mazda, Subaru, Suzuki, Toyota co-developing communications tech
Daihatsu, Mazda, Suzuki, Subaru, and Toyota have announced they are all collaborating on the next generation of vehicle communication devices that will make ‘smart’ vehicles even smarter. More specifically, the five manufacturers have agreed to a universal and standardised design provision for connected services, which they say will result in […]
Kia global sales up 6.4% during Q1, revenue up 13.8%
Korean automaker Kia is celebrating its first quarter results for 2021 after posting a 13.8 per cent year-on-year increase in revenues, topping KRW 16.58 trillion (about AU$19 billion). Kia says that despite unfavourable exchange rates of the South Korean won, the sales success of its Seltos SUV in global markets […]