Today
- Opinion
- Chanticleer
EVs sales splutter, but not this group’s offshore expansion strategy
CAR Group’s big move in the US came at a time of rising rates and softening consumer demand. It still worked.
- 57 mins ago
- Anthony Macdonald
This Month
Battery EV sales slump as cautious buyers opt for hybrids
Hybrid vehicles – with a petrol- or diesel-powered engine and a smaller battery and electric motor – are proving very popular as some buyers baulk at full-battery EVs.
- Simon Evans
July
- Opinion
- Chanticleer
Car yards are full and dealers worry they are racing to the bottom
There’s been little economic data to offset expectations that the RBA needs to raise interest rates. A review of conditions at car dealerships caught our eye.
- Updated
- Anthony Macdonald
Ferrari’s first electric car may cost more than $800,000
By the end of the decade as much as 80 per cent of the car maker’s new vehicles could run on batteries. The first is scheduled for 2025.
- Bernhard Warner
- Logistics Winner
- Sustainability Leaders
Transport needs to avoid becoming the nation’s biggest emitter
Without dramatic changes, this may be the last industry to decarbonise. Aurizon, the winner of the Logistics and Transport category, aims to change that with its electric locomotive.
- Agnes King
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
- Michael Bleby
Tesla surges as quarterly deliveries fall less than expected
Shares in the EV maker leapt 10.2 per cent after it reported that it delivered 443,956 vehicles in the second quarter.
- Kara Carlson and Dana Hull
June
Sir Andrew Mackenzie: time to focus on the best few climate solutions
The Shell chairman says the world’s carbon challenge is harder than he realised while running BHP, and it’s time for a global focus on a few winning solutions
- Peter Ker and Lap Phan
- Updated
- Bapcor Limited
Embattled Bapcor gets $1.83b buyout offer from Bain Capital
Shares in the company, which runs 1100 outlets under the Autobarn, Burson, Autopro and Midas brands, climbed 14 per cent after the proposal from the private equity group.
- Simon Evans
The key to more company cars going electric
The number of EV models on offer in Australia has expanded to beyond 100, and more businesses are examining whether to shift their fleets from petrol or diesel.
- Simon Evans
How to choose the right electric vehicle for you
With more and more people making the switch to an EV, and more brands on offer, what are the key considerations for drivers?
- Tony Davis
Electrification reaps rewards for postie fleet
Australia Post has added more than 5000 electric vehicles to its fleet, as the changing demands of delivery drive rapid electrification.
- Maxim Shanahan
Is corporate Australia on the cusp of an EV tipping point?
Only 1 per cent of cars in Australia are EVs, but sales are taking off as more affordable models hit the market and the energy transition intensifies.
- Gus McCubbing
May
Spending crunch spreads as Peter Warren Auto tumbles on profit warning
Shares in the second-largest car dealership group on the ASX crashed to a record low as it warned of a margin squeeze amid cost-of-living pressures.
- Simon Evans
Tanarra pushes for change at Bapcor after $100m buy-up
Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is in Tanarra Capital’s sights.
- Simon Evans
Smash repairer Western General Bodyworks speeds back to auction block
A flyer seen by Street Talk, dubbed Project Optimus, said WGB has doubled EBITDA since it pulled the brakes on its previous sale attempt two years ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rich Lister down $160m as Eagers shares crash on profit warning
Australia’s biggest car dealership group warned of a June-half profit drop as household cost-of-living pressures rise.
- Simon Evans
Meet the Montreal mayor who declared war on SUVs
The ongoing expansion of vehicle size is causing consternation in North America. More than four out of every five new cars sold there is either an SUV or a pickup truck.
- David Zipper
Bapcor shuts big warehouses for two weeks to stop inventory blowout
The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.
- Simon Evans
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
