The Australian Federal Chamber of Automotive Industries (FCAI) has published the first set of results from its voluntary CO2 Emissions Standard tests, marking what it calls a “benchmark for future improvement”. The study aims to track the progress manufacturers are making to reduce their CO2 emissions, and celebrate new, innovative […]
Industry
Porsche achieves record revenue in 2020, despite sales down 3%
Porsche has managed to set a new revenue record for the year of 2020, emerging from the pandemic-plagued period having grown its value to 28.7 billion euros, 100 million more than 2019’s results. Despite the fact that Porsche actually delivered 3.0 per cent fewer units than in 2019, mainly due […]
Audi reports 1.7 million global sales in 2020, down 8.0%
Audi has confirmed its global sales topped 1,692,773 vehicles in 2020, which marked an 8.0 per cent decrease from the 1.84 million units delivered in 2019. The company says this drop is dramatically smaller than the 15 percent fall for the overall global automotive market, mainly caused by the coronavirus […]
Lamborghini achieves record profit in 2020, CEO hints EV is coming
Lamborghini CEO Stephan Winkelmann has confirmed the company has generated record profit in 2020, despite a dip in vehicle sales compared with 2019. The CEO also hints an electric vehicle could be on the way. In spite of the COVID-19 pandemic and a factory shutdown of 70 days, Lamborghini was […]
Porsche invests €70m in Rimac, increases stake to 24%
Rimac, one of the up and coming and soon-to-be powerhouses of the electric vehicle landscape, has just announced an extended business deal with Porsche. Porsche is increasing its stake in the Croatian tech company to 24 per cent. Porsche originally invested in Rimac back in 2018, buying itself at 10 […]
Editorial: How we could revive Australian vehicle manufacturing
There are many who believe Australia needs to come thundering back on all cylinders. The loss of our car manufacturing sector has left people scratching their heads, considering it thrived for decades and amassed a cult following. Countries as diverse as Vietnam, Ghana and Turkey are ramping up their auto-manufacturing […]
Australian vehicle sales for February 2021 (VFACTS)
New vehicle registration figures, in the form of VFACTS, for February 2021 show yet more evidence that the Australian new car market is recovering. The first two months of the year are up 7.9 per cent, and the month itself is up 5.1 per cent compared with February last year. […]
Lexus tops 2021 JD Power Vehicle Dependability Study
The results of the 2021 JD Power US Vehicle Dependability Study are out, with Lexus, as usual, coming out on top. Porsche, Kia and Toyota also scored highly, with the usual suspects at the bottom of the rankings. This year’s survey was applicable to 2018 model year vehicle owners, with […]