Volkswagen’s board of management has tapped Porsche’s CEO, Oliver Blume, on the shoulder to take the job as chief executive officer at Volkswagen as outgoing CEO Herbert Diess steps down. In the short-term, Blume will take over as Volkswagen’s CEO while retaining his position as Porsche’s CEO, with the company […]
Industry
Porsche sales up 17.6% in Australia in H1 2022, global down 5%
Porsche has posted details of its global vehicle deliveries for the first half of 2022, with Australia bucking the overall trend while global numbers are down. Overall, Porsche’s H1 2022 global delivery figure stood at 145,860 units, which is down 5.0 per cent on the 153,656 units it sold during […]
Toyota announces more production cuts, down 150,000 units in August
Toyota has been forced to revise its production schedule yet again due to ongoing parts shortages and supply chain constraints, mainly brought on by the COVID pandemic. The company says it is aiming to produce around 700,000 vehicles in August, with 200,000 of those for the Japanese market. This week […]
Polestar global sales jump 125% in first half of 2022
Polestar is recording extremely strong sales figures for the first half of this year, more than doubling its total deliveries as it eyes off the goal of 50,000 units by the end of 2022. The company says that it has delivered 21,200 units in the first six. months of 2022, […]
Toyota Australia posts $249 million profit in FY21-22, down from $332m
The turn of a new financial year has seen Toyota post a healthy $249 million profit, however, that’s down $83 million from the previous financial year. All up, Toyota has maintained its healthy command of the Australian market (including through 2021), with its 22.3 per cent market share accounting for […]
Porsche acquires stake in eFuel specialists, HIF Global
Porsche has announced it has invested $75 million into HIF Global, acquiring a sizeable stake in one of the world’s leaders in eFuel research and development. HIF Global’s eFuel technology combines hydrogen, CO2 and wind-turbine-sourced renewable energy, with Porsche saying that this electricity-based synthetic fuel translates to “nearly-CO2 neutral” running […]
Australian vehicle sales for June 2022: VFACTS
We’ve reached the halfway point of the year, which means we can now see what cars have been the most popular for the first half. Australian new vehicle registration figures have just been released in the form of June VFACTS, 2022. According to the Federal Chamber of Automotive Industries (FCAI), […]
UK car production numbers increase for first time in 11 months
In great news for the UK’s manufacturing scene, the car industry has bucked a 10-month downturn in production numbers after reporting 13.3 per cent growth for May, 2022. Though, things remain perilous when you zoom out. The news comes from the Society of Motor Manufacturers and Traders, who mapped out […]