Iveco Australia is offering some end of financial year deals and stock clearance sales until the end of June. It comes as the Federal Government is offering an instant asset write-off for capital equipment up to the value of $150,000.
Mercedes-Benz is launching the eVito Tourer as part of an upgrade across the mid-size van range. The vehicle delivers 150 kW (204 hp) peak power, 362 Nm of torque for a standard top speed of 140 km/h and a range of 421 kilometres.
Tourism Holdings Limited (THL) has reported net profit of NZ$13.1 million for the FY20 first half to December 31. This was down 25% compared to the $17.5m profit posted in the same period the previous year.
RAM Trucks is releasing the new 1500 Express Crew V8 Hemi for the Australian and New Zealand market. Sitting one step above the entry-level 1500 Express Quad, the Express Crew features more space, higher specification and an even sportier look.
Ford Motor has responded to news of Holden’s axing by saying it’s committed to the Australian and New Zealand market and will invest AU$500 million plus add more jobs in 2020.
Great Wall Motors has signed a deal with General Motors for its vehicle assembly and powertrain facilities in Rayong, Thailand. The agreement is subject to government and regulatory approvals and is expected to be completed by the end of 2020.
Australian automotive parts company Bapcor has posted net profit after tax of A$45.3 million, up 5.1% for its half-year result. Revenue was up 10.4% to A$702.5m and earnings before earnings before interest, tax depreciation and amortisation (EBITDA) up 4.6% to A$79.4m.
Mitsubishi Motors is releasing two new Triton variants with the release of the GLX-R and GSR models. The GLX-Rs are now arriving in dealerships and GSR variants will be arriving from March 2020.
The Mercedes-Benz X-Class is officially on the chopping block and will be removed from the market globally in May. "It has been decided that from the end of May 2020, we will no longer produce this relatively young model," Mercedes-Benz said in a statement.
Mercedes-Benz is celebrating 25 years of the Sprinter and the major role it has played in commercial applications around the world. When it first launched in 1995, e-commerce was on the rise and the van proved ideal for the logistics challenges ahead.