Legendary US investor Warren Buffett says he is likely to make more acquisitions in the automotive dealer industry. As part of an automotive industry forum, Buffett told a room full of dealers and distributors that the automotive retail trade could be a good business.
The new body lobbying for the imported vehicle trade – the Australian Imported Motor Vehicle Industry Association – has announced two new financial supporters. The association has signed logistics firm Autohub and vehicle inspection and verfication service JEVIC as its first two ‘foundation supporters’.
Can’t quite afford a new BMW i3? How about a knock-off. A Chinese motorcycle company has released a car that carries a striking resemblance to BMW’s electric city-car. The Jinma KWM2200 is a low-speed electric vehicle with a price tag of just $5200.
A report by European researchers has revealed how quickly the world is taking up electric cars, with 43% of all electric powered vehicles ever produced sold last year.
General Motors has confirmed a new boss for its Holden division, while announcing plans to roll out 24 new models in the next five years.
GM Holden chairman and managing director Gerry Dorizas has resigned - effective immediately - after just seven months to ‘pursue other opportunities.’ Chief financial officer Jeff Rolfs will replace Dorizas in the interim.
Toyota Australia has confirmed today the long expected news that it will stop building cars in Australia and shift to a distribution and sales model in 2017.
The all-new Odyssey, which goes on sale nationally next Tuesday, February 11, is to be priced at $38,390 (VTi) with the VTi-L listed at $47,620.
Jeep has released a special edition Wrangler that gives a nod to the model’s military history. Wrangler Freedom is an enhancement of the Sport 3.6-litre V6 model, incorporating special styling cues and upgrades to both the interior and exterior.
It’s got the famous Prancing Horse badge on its long bonnet above a proper Ferrari V12 engine – six more cylinders than the latest 2014 V6-engined Ferrari F1 car that will make its debut at Albert Park in March.