The Hyundai Motor Group is preparing to pay a record US$10 billion (A$11.19 billion) for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.
The upcoming Ford Kuga will come with 110 kW & 134 kW engines on Ambiente and a 176 kW EcoBoost engine on Trend and Titanium models, to further improve power and fuel economy in order to make it a more powerful and fuel efficient SUV over its direct rival, the 2.5L AWD Toyota RAV4.
Some 16% of Australians worked on a car in any given three months in the year to June 2014, down from 18% in 2010, while the proportion who got their car serviced by a professional in an average four weeks stayed relatively stable.
Toyota has released images of a new concept car that provides the first hint of a type of vehicle the company wants to bring to the small SUV market.
After a protracted legal battle, car dealer Foton Dandenong has been found to have broken Australian Consumer Law by selling a defective car.
German car parts maker ZF Friedrichshafen has reached a deal to buy US-based TRW Automotive Holdings for $105.60 per share, creating a global automotive supply powerhouse. The transaction values the US company at approximately US$12 billion.
Local dealership Collie Toyota, located in Western Australia, is expected to close down as early as November. The closure is expected to cost the town several jobs and will leave only one car dealership in Collie, Station Motors Holden.
Jean-Philippe Roux, currently regional director, Infiniti South Europe, will head Infiniti Australia from November 1, 2014. He takes over the reins from current general manager Campbell York, who is pursuing an independent venture from later this year.
AP Eagers Limited has entered into unconditional contracts for the sale of two of its dealerships in Woolloongabba, a suburb of Brisbane in Queensland, for an amount of $35.9 million.
The new Mazda2 aims to re-take leadership of the light car segment from the Hyundai i20 in November. “We feel it will be a top seller, and will closely rival the Hyundai i20 in terms of who retains the top spot.