business

Bank Australia to stop offering loans for fossil fuel cars

Bank Australia has announced unprecedented changes that will see it phasing out loans on new cars by 2025, in an effort to reduce emissions. The company confirmed the news late last week.

Automotive business hollowing out in Melbourne

The Victorian Automobile Chamber of Commerce has sounded a warning that Melbourne's automotive industry is starting to echo in all the wrong ways. The chamber has found a fifth of Melbourne's metropolitan automotive small-medium businesses have closed since 2014 as land tax skyrockets by 130%.