New Holden Acadia seven-seat SUV arriving soon
The new Holden Acadia is arriving soon in dealerships. A launch date is due to be announced shortly, with the seven-seater promised in the fourth quarter of this year.
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Hydrogen blueprint for Australia released
A blueprint for the development of Australia’s hydrogen industry has been released. The National Hydrogen Roadmap put out by research agency CSIRO looks at the economic opportunities associated with hydrogen, which includes the transport industry.
Musk abandons plan to take Tesla private
Tesla chief executive officer Elon Musk has pulled back on his plan to go private with the electric car company.
Motor vehicle finance arm lifts Cash Converter’s profit
The success of Cash Converters International’s motor vehicle finance business GLA has pushed the company’s full-year after tax profit to $22.5 million That’s a gain of 9.1%.
Rare Aston Martin fetches US$21.455 million under new partnership
A 1963 Aston Martin DP215 Grand Touring Competition Prototype went under the auctioneer’s gavel at Pebble Beach in Californian for an astonishing US$21,455,000 - becoming one of the most expensive British cars ever.
AP Eagers lifts half-yearly profit
Prominent car and truck dealer AP Eagers’ half-yearly after tax profit has risen 8.8% to $53.7 million. That’s compared with $49.3 million last year, while overall revenue was 2.09 billion – up 3%.
New car dealers welcome prime minister Morrison
Scott Morrison’s appointment as prime minister has been welcomed by the Australian Automotive Dealer Association (AADA).
AHG reports ‘challenging’ year as profit falls
Automotive Holdings Group (AHG) is reporting a $22.9 million drop in profit for its latest annual result. It saw net profit after tax of $32.6m for its 2018 results, down 41% from $55.5m in the same period last year.
Jaguar offering all-electric E-types
Jaguar Classic has confirmed it will offer all-electric E-types for sale. The company says this follows an overwhelmingly positive reaction to the original concept.
Robot car Martti ‘speaks 5G’
A robot car called Martii can now warn other vehicles of road safety issues. VTT Technical Research Centre of Finland and Nokia have joined forces to hook Martti into the 5G network to do that.