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 good news for the brands as these studies are compiled together from huge pools of […]
Industry
Australian vehicle sales for October 2018 (VFACTS)
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. Kicking off with the best-selling vehicle brands. There’s no surprises here, with Toyota coming through […]
Tesla posts first quarterly profit in 2 years
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 posted record deliveries of the Model 3, with a gross margin of almost 20 per […]
Australian vehicle sales for September 2018 (VFACTS)
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 months of the year compared with 2017. Toyota is leading the car brand sales race, […]
Aston Martin to offer 25% stock in IPO listing, valued at up to US$6.7 billion
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 stock market. It’s also set to be the first British carmaker in decades to pursue […]
Australian vehicle sales for August 2018 (VFACTS)
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 per cent, for the first eight months of the year compared with last year. Toyota […]
Volkswagen to fire more staff following dieselgate scandal – report
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 firing a handful of engineers and managers that have been implicated in the costly dieselgate […]
GM investing AU$28 million in Holden engineering
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 and designers to spearhead part of its autonomous vehicle development, as well as design aspects […]