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Geely Auto Australia launches mid-size EX5 EV SUV

Geely Auto has officially launched its midsize, all-electric EX5 SUV into the Australian market in two grades, with deliveries from the dealer network beginning March 12.  The EX5 will not be Geely’s sole offering in the market.

Eagers Automotive aiming for $12B in sales in 2025

Eagers Automotive Limited recently announced its financial results for the twelve months ended December 31, 2024 (FY24), claiming it has outperformed the industry. It delivered revenue of $11.2 billion, an increase of 13.6% on FY23. Underlying Operating Profit Before Tax for FY24 was $371.2 million (FY23: $433.3 million).

Oversupply impacted Peter Warren’s margins and profitability

Peter Warren Automotive Holdings Limited recently announced its financial result for the half year ended December 31, 2024, with underlying profit before tax (PBT) of $7.1m in line with previous market guidance. “The first half saw market conditions for new cars become increasingly challenging.

Used car sales bounce back as supply tightens

The February 2025 edition of the Automotive Insights Report (AIR) shows a modest rebound in used car sales. Using data supplied by AutoGrab, February’s AIR saw sales rise 2.2% to 174,762 units, however, this came as total listings declined slightly indicating a tightening in some areas.

Espinosa takes the helm at Nissan as board reshuffles executive team

The Nissan Motor Company’s board of directors have terminated chief executive Makoto Uchida and four more senior executives in a bid to turn the struggling manufacturer around.  Effective April 1, chief planning officer, Ivan Espinosa has been appointed as the representative executive officer, president, and chief executive, succeeding Uchida.

Everything Electric Sydney show a success

About 31,069 visitors ensured the “Everything Electric Australia NSW” EV showcase in Sydney on March 7-9 was a success. A huge range of new EV models was among some 35 displayed, with about 102 EVs on show or available for test drives, 6402 test drives completed at the event.

EVC app to improve EV charging

A new app is set to improve EV charging by providing drivers with real-time availability, while collecting crucial data to improve access and reliability, says the Electric Vehicle Council.