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Columns / Scott Morgan

Scott Morgan

Five stars for new Corolla

The new Toyota Corolla has received a five-star safety rating from the Australasian New Car Assessment Programme (ANCAP). It received 96% for Adult Occupant Protection, 83% for Child Occupant Protection, 86% for Vulnerable Road User Protection and 76% for Safety Assist.

Automotive industry reminded about new ASIC funding requirements

Businesses regulated by the Australian Securities and Investments Commission (ASIC) are being urged to submit relevant information in relation to new funding regulations. This will include businesses in the automotive industry, like those in the finance and insurance sectors.

Carsales boosts profit

It’s been another successful year for Carsales, with its annual results showing revenue and after tax profit both on the rise.

Pentana launches new service app

Pentana Solutions’ investment in research and development has resulted in the release of its eraPower app, Service Concierge. The app integrates with its eraPower DMS. Service Concierge is designed to improve customer engagement by providing speed, accuracy and consistency across dealer service departments.

Aston Martin recreates Goldfinger DB5

Aston Martin is reproducing one of its most famous cars as part of a collaboration with the company that makes James Bond films. A series of 25 Goldfinger DB5 continuation editions will be created for customers by Aston Martin Works and Eon Productions.

Heartland’s booming Aussie operation

New Zealand-based Heartland Bank’s Australian activities have played a big part in boosting its coffers. The bank, which offers deals in motor vehicle and equipment finance, saw an 11% increase in profit for the year to June 30 to NZ$67.5 million.

BMW expands European production

The BMW Group's latest European production facility is scheduled to open in Hungary. Near the town of Debrecen, it will cost about €1 billion, offer capacity of up to 150,000 units a year and create over 1000 new jobs.