Friday 13 November 2026 Industry news by email, Tuesday and Thursday: sign up
Advertisement
News

Featured

Robust result for Porsche in challenging environment

Porsche AG says it ended the 2024 financial year with a robust result in a challenging environment.  The tense market situation in China, the delayed global ramp-up of electromobility and disruptions in the supplier network had an impact on earnings and return on sales.Group sales revenue was 40.1 billion euros, a single percentage point below the previous year's figure (40.5 billion euros).  Porsche almost entirely compensated for the decline in sales figures.

MTAA: Franchise reform changes the game

The Motor Trades Association says the Federal Government’s announcement to strengthen the Franchising Code of Conduct and extend Unfair Contract Terms and Unfair Trading Practices to all businesses regulated under the Code, is a game changer.  Now it includes businesses selling new motor vehicles, motorcycles, farm machinery and tractors as well as franchised motor vehicle repairers.   This is an important reform for the automotive industry as it means that any sector regulated by the Code will receive protections from unfair contract terms (UCT) without having to demonstrate that they come within the existing turnover and employee caps that apply to the UCT legislation.  Combined with existing Code provisions, such as the requirement to provide a reasonable return on any investment required by a franchisor, MTAA says this is a significant step forward.

New car and truck dealers welcome stronger franchise protections

The Federal Government has committed to extending protections against unfair trading practices and unfair contract terms to all franchisees, including Australian new car and truck Dealers.  It has also committed to prioritising work to ensure compliance with the New Vehicle Efficiency Standard at the point of sale, rather than the point of import.