This Month
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
Tesla buyers using tax breaks bring spike in EV leasing
FleetPartners shares have climbed 48 per cent in six months and the CEO said 63 per cent of its novated lease customers in March bought an EV, taking advantage of a $3000 tax break.
- Simon Evans
The best European summer motor events in 2024
From the Pebble Beach Concours d’Elegance to the Goodwood Festival of Speed, top-shelf events are luring car enthusiasts to northern climes.
- Tony Davis
McKinsey program leaves Bapcor in a hole
Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.
- Simon Evans
Bapcor shapes as takeover target after share price rout
Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.
- Simon Evans
Father-son duo make $16.7b in 3000pc stock rebound
The shares of Phoenix-based online used-car dealer Carvana have surged from historic lows, but the company still faces challenges.
- Diana Li
‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.
- Simon Evans
Ex-Bapcor boss braces for the worst after CEO no-show
“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.
- Simon Evans
April
Electric vehicle sales set to surge, IEA predicts
EV numbers will be strong this year and Chinese carmakers will increase their dominance, the International Energy Agency predicts.
- Hans van Leeuwen
Green fuels are not the future – they’re just about here
Porsche-backed HIF Global wants to build a plant in Tasmania. Others are eyeing Townsville. But they need the government to push customers their way.
- Angela Macdonald-Smith
Transurban’s WestConnex traffic jumps 10pc in a year
The first update from the motorway operator since the controversial Rozelle Interchange opened shows a surge in traffic in the 33-kilometre tunnel network.
- Jenny Wiggins
- Analysis
- Italy
A $15b car? Ferrari’s boss is only half joking
Wealthy customers are pouring more money than ever into customisation, pushing car makers to invest in supply chains and dedicated teams.
- Updated
- Peter Campbell
Welcome to Sydney, where a garage can set you back $500,000
The buyer of this neighbourhood space doesn’t have an electric vehicle. But enough people already do to make it an asset worth having.
- Michael Bleby
Near record month for EVs, but share of sales shows signs of slowing
The number of full battery electric vehicles delivered to Australian buyers in March made up slightly less than the prior month, but hybrids are increasingly popular.
- Simon Evans
Transurban says it was not involved in Rozelle Interchange design
The tollroad operator has told a NSW inquiry into the congestion that the original design was published well before it acquired WestConnex.
- Jenny Wiggins
March
All aboard! Family-owned bus operator Crown Coaches for sale
Boutique corporate advisers Nash Advisory has been appointed to sell the near 60-year-old family-owned enterprise
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why Lamborghini will have a petrol engine’s roar for a long time yet
A $1 million-plus hybrid vehicle is a signpost to Lamborghini’s future, with the sound of its engines preserved for as long as possible.
- Simon Evans
- Exclusive
- Start-ups
$300m to ‘zero’: Blackbird-backed start-up stalls
VC backers of Baraja have written down their investment on the polarising LiDAR technology for autonomous vehicles to nil.
- Nick Bonyhady
- Analysis
- Analysis
The 911 is Porsche’s cash cow. Here’s why that’s a problem
Too reliant on a car that is 60 years old, the German manufacturer needs to build up the popularity of other models.
- Chris Bryant
Why Formula 1’s fuel is going green
Pat Symonds wrote the rules that will compel Formula 1 cars to run on carbon-neutral fuel from 2026. Big oil companies are now racing to find solutions.
- Peter Ker