This Month
Chinese car brands all the rage, and on track to dominate by 2035
Forecasting conducted for car dealerships suggest vehicles manufactured in China will make up 43 per cent of sales within a decade in a major market shift.
No brake for Nash Capital as it signs second deal from growth fund
Nash has turned up as the first outside investor in Clear21, and its investment will help it expand into the United Kingdom.
Carsales chief bows out after 230pc growth record
Cameron McIntyre will hand the reins over to his chief financial officer, William Elliott, after nine years as CEO and almost two decades at Car Group.
Polestar lashes carmaker lobby for ‘unfounded’ attack on EV standards
The local chief executive of the Chinese-backed electric vehicle maker says the industry is creating unnecessary fears about higher prices from emissions rules.
New emission standards could be a time bomb for car prices
Car groups say the government’s vehicle emissions scheme could come at a major cost to consumers, while forcing them to buy vehicles they don’t want.
How the best summer of Diogo Jota’s life ended in tragedy
The Liverpool star and his brother were killed in a car accident in Spain after the Lamborghini they were in veered off a road and burst into flames, police say.
BYD sales are booming. So are complaints about their cars
With well-priced vehicles, the Chinese brand is one of the fastest-growing electric car manufacturers in the country. Some buyers have immediate regrets.
June
Musk’s new robotaxis hit the streets in critical Tesla test
The Texas rollout has been highly anticipated by investors, who are counting on the new line to revive a company battered by poor sales and a consumer backlash.
‘All my bad’: Piastri and teammate in dramatic F1 collision
The Australian driver and Lando Norris were involved in a late clash that knocked the Briton out of the Canadian Grand Prix and kept McLaren off the podium.
Car dealers face $2b hit from tougher fuel efficiency standards
The surging popularity of hybrid cars is a dilemma for manufacturers and dealers as they grapple with the government’s stricter fuel standards regime.
China’s brutal EV price war is raising quality fears
An extreme discount war on electric vehicles has Beijing worried about a race to the bottom and damage to its international “Made in China” brand.
Plug-in ute a game changer for BYD in Australia, says top exec
The new chief operating officer in Australia for the fast-growing Chinese brand says having the BYD Shark ute in the line-up has given extra credibility.
The company behind this $24,000 SUV just had its best month
Chinese carmakers accounted for four of the top-selling 15 brands in Australia in May, as more people become less worried about where their vehicles are built.
Global factory shutdown warnings over China’s rare earth ban
German carmakers became the latest to warn China’s export restrictions threaten to halt production and rattle their economies as China-US trade tensions rise.
Piastri wins Spanish Grand Prix – and says it was just what he needed
The Australian driver said winning Sunday’s event was a saviour after losing out to McLaren teammate Lando Norris over the previous two weekends.
May
Ford enlists Trump tax officials in billion dollar ATO brawl
The Trump administration has taken an aggressive stance against global taxation deals, and the ATO is embroiled in similar fights with ExxonMobil and PepsiCo.
Ares is designated driver at Quadrant’s MotorOne as $350m refi lands
Street Talk understands the Sydney buyout fund wants to trade its bank debt for a $350 million-plus unitranche loan.
Eagers Auto loses exclusive rights to sell fast-growing BYD brand
Top car dealership group agrees to a new five-year sales deal with BYD, but the Chinese EV maker can now also appoint other retailers.
Eagers execs’ share loans too profitable to go unnoticed
One of the world’s biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management’s alignment with shareholders is good.
IAG gets regulator tick to buy automobile club insurer in Queensland
The ACCC said Suncorp, Allianz, QBE, Youi, Auto & General and Hollard would compete with IAG after it buys RACQ.