The first half of 2018 is over and the car industry is seeing some big changes in vehicle choice and popularity among buyers (see our June 2018 VFACTS report for more). The SUV market is easily the fastest-growing segment in Australia, so we’d thought we take a look over the […]
Industry
Australian vehicle sales for June 2018 (VFACTS)
It’s the end of the financial year and unsurprisingly, car sales boomed in the last month of the year. The June 2018 VFACTS report reveals big sales numbers for many car brands, with overall vehicle sales up 1.0 per cent on the first half compared with the same period last […]
Hyundai interested in acquiring controlling stake in FCA – report
Rumour has it Hyundai could be looking to acquire Fiat Chrysler Automobiles soon, a report from Asia has revealed. It’s believed Hyundai is simply waiting for FCA stock prices to drop. According to an Asia Times report, Hyundai CEO Chung Mong-Koo is monitoring FCA stock prices, and is apparently waiting […]
Porsche buys 10% stake in Rimac, forges “development partnership”
It’s a match made in heaven. Porsche has decided to team up with Croatian electric vehicle specialist, Rimac, acquiring a minority stake of 10 per cent. Rimac, makers of the mental Rimac One and C_Two (pictured above), the latter of which features a quad-motor electric powertrain that produces a whooping […]
Ford & Volkswagen announce strategic alliance
Ford Motor Company and Volkswagen AG have announced they have signed into a Memorandum of Understanding agreement that will see the two pair up to strengthen each other. The two companies are “exploring potential projects across a number of areas”, a press release says. Specifically, it says it is looking […]
Australian vehicle sales for May 2018 (VFACTS)
The national new vehicle sales figures have been released, in the form of the May 2018 VFACTS report. Overall sales are up 2.1 per cent in the first five months of the year compared with the same period last year. At the top of the charts for vehicle brands is […]
FCA to confine Chrysler brand to US market only – report
One of Detroit’s most hallowed brands may be headed to the grave, at least everywhere in the world but the US, if intel leading up to Fiat Chrysler Automobiles’s June 1 investor meeting is to be believed. A radical upheaval of product plans is expected to be announced tomorrow, including […]
Suzuki Swift global sales hit 6 million milestone
Suzuki has cause to celebrate, racking up over six million cumulative worldwide sales of its beloved Swift B-segment small car. The lovable little terrier is sold across 158 countries with the new-age version taking on a sporty, almost Mini-esque design since 2005. The modern Swift across its last three generations […]