The 2016 Australian election result is less than a week away. One area which hasn’t received much coverage is the automotive industry, and its component supplier sectors. Could this be because the public by-and-large accepts that it’s doomed? Although Ford, Holden and Toyota have all committed to closing down their […]
Industry
Ex-VW CEO Martin Winterkorn under criminal investigation
German prosecutors have launched a criminal investigation into two high-level VW execs, including former CEO Martin Winterkorn. Germany’s financial regulator, BaFin, requested the investigation, focussing on the amount of time VW execs were aware of the devices, and their failure to go public. Former CEO Winterkorn and another high-ranking Volkswagen […]
Elon Musk tweet sends Samsung share price down
Elon Musk managed to wipe nearly a US$1 billion from Samsung’s share price, following a market fall-out over the Tesla CEO’s tweets. Recent rumours were swirling that Tesla may be planning a partnership with Korean electronics giant Samsung to supply battery components for vehicles across its range. Musk took to […]
Australian vehicle sales for May 2016 – Hyundai i30 on a roll
The Australian Federal Chamber of Automotive Industries has released the national VFACTS new vehicle registration figures for May 2016, showing the Hyundai i30 has once again come through as the most popular vehicle. In the top 10 best-selling vehicle brands list, we see some brands have shuffled back into their […]
Authorities seize big shipmment of Chinese counterfeit parts heading to Australia
Chinese authorities have seized a massive haul of counterfeit Toyota parts, headed for sale here in Australia. Authorities acted on information provided by Toyota Australia in relation with dealings in the south-east Chinese city of Guangzhou, discovering around 33,000 parts, with an estimated value of over $1 million. The counterfeit […]
Mitsubishi Motors reports “extraordinary loss” for 2015 fiscal year
Mitsubishi Motors has recorded a profound loss in revenue in the aftermath of the fuel consumption scandal, with the company announcing it has lost around AUD$240 million. This figure was released as an amendment for the financial figures released on April 27. Mitsubishi classified the cost as “loss on fuel […]
Fiat Chrysler sales ban threat in Germany, share price drops
Fiat Chrysler Automobiles shares have taken a tumble following the release of a report claiming it may be unable to sell cars in Germany due to emissions cheating. German Newspaper Bild reported Fiat Chrysler would be ineligible to sell cars in Germany if evidence of emissions foul-play is discovered by […]
Google unveils next-gen ‘Android N’, focuses on automotive application
Google wants to conquer all with its updated Android operating system, working hard on persuading car manufacturers to adopt it for new vehicles. Unveiled yesterday at the Google I/O developer conference, Android N is billed as a much more accessible OS, working with in-car features more conveniently than its predecessor. […]