The Motor Trades Association of Australia is urging the Federal Government to give automotive occupations greater priority in skilled migration policy as worsening labour shortages leave vacancies unfilled.
Eagers Automotive will take a 50% joint venture interest in Zagame Automotive Group, citing a luxury segment with lower disruption from new market entrants.
ASX-listed FleetPartners Group has received three revised takeover proposals valuing the fleet management and leasing company at up to $993.4 million. Japan-based ORIX Corporation and a Japanese consortium comprising Sumitomo Corporation and Sumitomo Mitsui Auto Service have each offered A$4.65 per share.
Ford plans to more than double its coverage of the Australian new vehicle market to over 60% within three years as it expands its product range and introduces new customer initiatives.
Used and demonstrator sales rose 1.3% to 243,514 in August, a second straight increase, but dealer share of those sales fell to 40.9% as listings tightened.
Round 3 of the DRIVEN rebate stream has opened with the site cap raised to $50,000 and eligibility extended to EV workshop tooling, PPE and battery diagnostics.
Electric vehicles have outsold petrol and diesel vehicles in Australia for the first time, prompting Tesla chief executive Elon Musk to congratulate the company's local operation.
Australian new vehicle sales reached 100,939 in August, up 0.4%, but petrol and diesel fell to 50.5% of light vehicle sales and Chinese brands took five of the top 10.
GAC International has combined its Oceania and UK markets into a single strategic region and appointed Aries Zhao to lead the new structure. Zhao has been appointed president of GAC’s UK and Oceania Region Centre and chief executive of GAC Australia, effective immediately.
carsales has launched Nexgate, consolidating sourcing, inventory, pricing and customer engagement into one platform. Dealer partners get full access for three months before features revert to subscription.
