Tesla is set to cut 7% of its workers while aiming to produce cheaper EVs, batteries and solar products. Its chief executive Elon Musk is keen to make EVs for the masses and says the company needs to expand its customer base to survive.
The Toyota Country Music Festival will donate funds to Rural Aid in support of remote communities. Mental health services inside Rural Aid will benefit from Australia's largest music festival's Raffle for Resilience, with first prize on offer being a 200 Series Toyota LandCruiser.
The federal Labor government has promised a National Road Safety Office if it wins the May election. More than 1100 people die on Australian roads every year and thousands of bumps, scrapes and near-misses that never make big news stories.
Chief among many election promises was the North East Link. The so-called last piece of Melbourne’s traffic congestion puzzle which promises to unblock the second-largest Australian city’s worsening traffic nightmares. But there are homes and businesses standing in the way.
A Twitter question about how much a 50km tunnel through the Blue Mountains in New South Wales would cost has prompted Tesla chief executive officer Elon Musk to suggest around $1 billion.
The Australian Automobile Association has slammed the federal government's stalled action on bringing down the nation's road toll.
Australians' use of car loans to finance new vehicles has doubled since 2009 and is now the method of choice for a fifth of consumers. According to data from Finder.com.au, 19% of new car sales are financed through a car loan.
The Australian Automotive Dealer Association says 2019 will bring buyers better finance deals in the post-flex commission era. The November ban on flex commissions, which saw Carsales' take a $48 million impairment thanks to its half-share in Stratton Finance, could see a reversal of misfortunes.
Investors outside the automotive industry are racing to get involved with electric vehicles. About 250 startups involved in some aspect of electrification have attracted more than US$20 billion in venture capital, particularly from corporations across multiple industries, a Reuters analysis shows.
Vans, utes and EVs will be target projects as part of a collaboration between Volkswagen AG and Ford Motor Company.