Reason for urgent recall of 2k luxury cars
Transportation safety officers have issued an urgent warning for this legendary luxury brand, warning of a manufacturing defect.
Manufacturing
Sinkholes above M6 project ‘not connected’
There is no connection between two sinkholes which opened up above the embattled M6 Tunnel project, a contractor says.
ASX resets record close thanks to banks
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
Aussies nervous as economy slows
Under pressure from soaring interest rates, elevated inflation and mortgage costs, households have cut back on spending for non-essential items like cars and coffees.
ASX edges lower as consumer stocks slip
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
ASX retreats from record high
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
ASX resets record high
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
Urgent recall of 30k Aussie vehicles
One of the world’s biggest car companies has just issued a massive recall for nearly 30,000 Australian vehicles.
ASX edges higher as Coles, Woodside rally
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
Debts explode in $45m company collapse
The debts of a collapsed group of companies have snowballed as liquidators wade through the mess.
Worker burned in horror chemical fire
Firefighters are battling a chemical fire outbreak at a major steelworks, with at least one worker injured.
‘Grown men crying’ amid $45m collapse
The Federal Court has put a limping company out of its misery weeks after all staff were brutally sacked.
Utes, SUVs risk price hikes, industry warns
New vehicle emissions caps, designed to force car makers to offer more low emissions models to Australia, could crimp the supply and affordability of utes and SUVs, the automotive industry has warned.
Aussie dream dying as new loans collapse
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
$2.3bn project held to ransom over pay demand
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
Cleaning brands collapse, 120 staff sacked
Up to 120 staff have been sacked after a maker of major Australian household cleaning brands collapsed, with a buyer now being sought for the business.
‘Losing money’: Small firms under threat
Businesses have been “significantly impacted” and are losing money because of strikes at the nation’s ports, the boss of one company says.
Price hike fears over shipping turmoil
Consumers risk facing price hikes on everyday products, including white goods and pharmaceuticals, as chaos in the shipping industry at home and abroad threatens to blow out delivery times and increase costs.
ASX-listed weed company goes bust
The company behind the largest cannabis manufacturing facility in the southern hemisphere has entered administration amid “disunity” at board level.
ASX at 10-month high as Rio hits record
The Aussie share market climbed to its highest level since February 10 on Tuesday, as material and energy stocks helped drive the benchmark higher.
ASX edges lower amid takeover frenzy
While the Australian share market lost ground on Monday, led by a fall in real estate stocks, billions worth of deals were lobbed or closed.
Huge problem with extended warranties
A consumer law expert has revealed how extended warranties sold by Aussie retailers aren’t really worth what you pay for them, as JB Hi-Fi faces a lawsuit over claims it sold “junk” warranties for more than a decade.
Honda faces $6m fine for misleading clients
A popular car manufacturer is facing a staggering fine after it admitted to misleading more than 1000 customers.
‘Serious risk’: Warning on dodgy China pills
The TGA has issued warnings about dodgy pills being shipped to Australia from China, with one product including ingredients that have been banned since 2010.
$2.3bn energy project under investigation
A major energy project is under investigation after workers flagged safety failures, including unhygienic worksites that lack toilets, soap and sanitiser.
‘Culture of fear’ revealed in scathing report
A bombshell report into one state’s public sector has revealed it is ruled by a “culture of fear”, with a warning of a “creeping politicisation” of the service.
Marles touts AUKUS AI as China threat looms
Australian, UK and US defence ministers are touting a brave new world of AI-backed surveillance technology just days after the Chinese navy injured Australian military personnel in the East China Sea.
Iconic ice cream factory gets $100m rebuild
A beloved Aussie ice cream factory is back in business after a $100 million repair build, following the devastating floods that swept the region in 2022.
Aussies kids’ math fail threatens nation’s dreams
Young Australians are struggling to maintain math standards and one expert has warned it threatens the nation’s infrastructure dreams.
Last Big Bank smacks Aussie homeowners
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
Why petrol prices affect your mortgage
The Reserve Bank has slugged homeowners with another rate rise and a recent surge in petrol prices is partly to blame.
Aussie company cuts third of staff
The Melbourne-based company has laid off a third of its staff in the last financial year.
‘Death sentence’: Call to ban ‘killer stone’
Unions are calling out a “moral failure” and demanding an immediate ban on a common household product killing off Australian workers.
Real reason food prices are going up
Multiple strikes have broken out across Australia’s food sector, putting more pressure on an industry rocked by surging inflation. But experts have cautioned labour is not to blame for rising grocery bills at the checkout.
Trump’s tirade over nuclear subs report leak
The former US president has responded to claims he leaked sensitive military information to Australian billionaire Anthony Pratt in a typically bombastic fashion.
Mark McGowan‘s new gig revealed
Former WA premier Mark McGowan, who quit politics this year claiming he was “exhausted” from political life, has taken on several new high-profile roles.
Calls for pay shake-up for millions of Aussies
A Senate committee is hearing from some of the nation’s heaviest-hitting unions as it considers amendments to Fair Work laws.
ASX closes up, but down for the week
Financials and basic materials had the biggest gains in Friday’s trade, while energy, real estate, and utilities lead the losses.
Trump’s alleged spill to Aus billionaire
The former US president has been accused of spilling sensitive secrets on America’s nuclear submarine fleet to an Australian billionaire at Mar-a-Lago.
Premier’s big cost-of-living relief promise
One state’s premier has pledged to back small business with cost-of-living relief to help them stare down interest-rates and inflation pressures.
‘Urgent’: Batteries recalled on fire risk
Homeowners with solar panels are being warned some popular energy storage batteries could catch fire, cause serious injury or even death.
Claim illegal union blockade a biohazard risk
The heated standoff between union workers and a major poultry supplier included allegations an illegal blockade posed a biohazard risk.
Chaos looms as water workers to strike
A chaotic summer looms for one city as workers at the peak water management body threaten to strike for up to three days.
Assault claim, biohazards in chicken strike
A dispute hearing between union workers and a major poultry supplier has heard evidence of an alleged assault and illegal blockades at a chicken processing plant.
China-related threat spooks ASX
Big hitters on the Australian sharemarket have suffered blows to their stock prices, but one sector is keeping things afloat.
Iconic Aussie brand makes bold comeback
Excitement is growing for the imminent return of a beloved soft drink brand boasting classic flavours.
250 jobs axed after plant closure
Hundreds of workers have lost their jobs after a manufacturing plant in Newcastle “effectively ended steelmaking” in the Hunter.
KFC races to stave off chicken shortage
Aussies have been reassured KFC is putting “contingency plans” in place as disruption hits a major chicken supplier.
KFC, Macca‘s could face chicken shortage
Woolworths, Coles, Aldi, KFC, McDonald’s and Subway could all face a chicken shortage as 1,000 workers at the nation’s largest poultry producer prepare to strike.
Blackout risk as strike hits power plant
Union workers are threatening a coal-fired power plant that supplies 10 per cent of one state’s energy.
Push against ‘Elon Musk’ rocket launch site
Tension is building over plans for a new “Elon Musk-style” rocket launch site in Australia, with the Greens moving to block the $20m complex.
‘Creepy’: car brands in US sex data shock
One car manufacturer’s US data collection policy has been dubbed “mind boggling, creepy, scary, sad, and messed up”.
‘Shocking’ wind farm move blasted
Workers are fuming following one Labor government’s decision to oppose an offshore wind energy zone, saying thousands of jobs could be lost.
Why AI could cost businesses billions
Experts warn AI will “rapidly and significantly” disrupt more than $600 billion of economic activity.
General orders safety review after Osprey crash
Fallout from the tragic Osprey crash in the Northern Territory continues with the Acting Marine Corps Commandant ordering a full service-wide safety review for the Marine Corps.
‘Cartel conduct’: Steel giant’s record fine
A steel producer touted as an Australian success story has been slapped with a record-breaking fine for trying to fix prices.
Popular wellness food company collapses
Halo Foods Co Limited, the parent company of four food brands sold in Australia, has called in the administrators.
State bails on key project over lobster fears
One state has cited fears for its lucrative lobster industry in its opposition to a major wind farm development off its coastline.
‘Wake up call’ over Chinese items
Australians are overwhelmingly keen to boost local manufacturing and turn our backs on Chinese imports, new research has found.
China fires rods into the sky in desperation
China is in the grip of a crisis more severe than it’s endured in six decades, and now, the nation is resorting to truly extreme measures.
Apple facing massive iPhone disaster
An insider has made the shocking claim that Apple will lose millions of its most popular product this year, with the chaos costing $1.5 billion a week.
Apple turns on China over iPhone disaster
The tech juggernaut’s most popular products have suffered a major blow – and it has caused a multibillion-dollar fiasco.
Albo’s $3bn pledge for ‘neglected’ area
The Prime Minister has announced a huge funding boost for something that “our predecessors ran down and neglected”.
Domino’s dominates on Australian share market
An investor favourite has won big on the ASX this Wednesday while another company saw its share price plummet to new lows.
Bank warns Aussie dollar bloodbath not over
With the Aussie dollar skidding to a nine-month low, economists are warning that Australia’s slowing economy and a deteriorating outlook in China mean further falls are likely.
ASX up ahead of US inflation figures
The ASX finished up on Thursday, shrugging off a soft US session as investors await positive inflation data.
Big day for seven companies on ASX
It’s been a somewhat rocky but mostly positive day of trading on the ASX, as seven stocks hit their highest levels in a year.
Questions grow over Taipan failures
There’s still a long way to go before we understand what happened on the tragic night of July 28, but here’s what we know one week on from the Talisman Sabre catastrophe.
Popular cars recalled over faulty wiring
Two popular car models have been recalled amid fears a wiring issue could cause serious harm or death.
‘Nowhere near enough’: silicosis fears grow
South Australia is moving to address an escalating health emergency threatening to kill off thousands of Australian workers with debilitating cancers, but the unions say much more needs to be done.
Tradie misery as 740 jobs slashed
A major global builder with a base in Australia will slash hundreds of jobs, equating to roughly to 10 per cent of its international workforce.
Aussie company’s share tumble
One unlucky Australian company has had its share price plummet while the market has remained relatively steady.
Aussies cash in after brutal China move
China blocked exports of two vital minerals this week – and Australia could end up laughing all the way to the bank as a result.
Iconic Australian brand sold
One of Australia’s favourite alcohol brands has announced it will be under new ownership, but not all fans are happy with the decision.
Hidden $367m cost in collapse crisis
Thousands of payments totalling more than $367 million have been paid out to employees of collapsed companies since the Covid-19 pandemic.
‘Disheartening’: Ford cuts 400 Aussie jobs
Unions say the cuts will mostly affect workers at a Victoria plant as the multinational car manufacturer continues to trim domestic operations.
Huge fine for gruesome toe injury
A major construction company has been fined thousands of dollars after a bricklayer had his toe amputated following a scary accident on its worksite.
Ikea unveils new tiny store in Sydney
Ikea has opened the doors to its smallest store ever – a fraction of the size of its warehouses – in a quiet Sydney suburb.
Twist after iconic Aussie brand ‘collapses’
The company behind an iconic Australian brand has hit back at “misleading” news that it is collapsing.
Original URL: https://www.news.com.au/finance/business/manufacturing/page/4