The site housing Audi Centre and Euromarque dealerships in Brisbane's Foritude Valley has been sold for an eye-watering $91 million. The CBD dealership fell just short of its anticipated $100 million figure and was bought by property developer and office management firm Dexus.
The new Volvo S60 sedan coming soon will be the first Volvo without a diesel engine. The new S60 will initially be available with a range of four-cylinder Drive-E petrol engines as well as with two petrol plug-in hybrid versions.
The Australian Securities and Investments Commission has banned Samuel Tessa for providing dishonest brokerage to automotive repair businesses.
AP Eagers has increased its stake in rival car retail giant Automotive Holdings Group. As a result of the AHG share price drop this week, AP Eagers has bought $9 million worth of AHG stock, to a 25.8% slice of ownership.
ERoad is back in profit after a net loss of $5.3 million in the last financial year. Its latest annual report shows the transport technology services company made a profit of $210,000 in the 12 months to March 31.
New documents reveal Apple might be about to test its autonomous vehicles on public roads in the United States. It has been granted state permits to operate 55 autonomous cars in California, USA Today reports.
Lorbek Luxury Cars will be the Australian and New Zealand retailer for Swedish hypercar maker Koenigsegg. Australasian customers will be able to purchase the full range of the rare Koenigsegg vehicles including Regera, Agera RS and One:1 from the Port Melbourne showroom in Victoria.
The Australasian Fleet Management Association is asking its members to contribute their organisation's fuel consumption data to a pool which will help inform policymakers.
Pope Francis has sold his donated Lamborghini Huracan for A$1.27 million, the proceeds going to four main charities. The successful bidder at RM Sotheby’s auction on May 12 in Monaco, coinciding with its historic Grand Prix, was Spanish rental car agency Rent Car Deluxe.
“That time we towed a plane with a Tesla.” So says Qantas of the May 15 feat where a Tesla Model X P100D has set a world record tow of a Qantas Boeing 787-9 Dreamliner.
