Industry
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Nissan & Honda end partnership plans, Nissan to cut 6500 jobs
Nissan and Honda have officially terminated discussions regarding a potential business integration. The decision, announced today, comes as Nissan unveils a comprehensive restructuring plan aimed at streamlining operations and cutting costs. The two companies signed a Memorandum of Understanding (MOU)…
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VFACTS: January 2025 new car sales results for Australia
As usual, the start of a new year sees car sales drop compared with the last month of the year. According to the January VFACTS report for 2025, which counts new vehicle registrations from almost all car brands (except Tesla,…
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VFACTS: December 2024 new car sales results for Australia
What were the best-selling cars in Australia in 2024? Let’s check out the December VFACTS report and find out. This report is compiled by the Federal Chamber of Automotive Industries, and counts new vehicle registrations for all makes and models…
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Honda, Nissan & Mitsubishi sign MOU, collaborate on future products
Nissan, Honda, and Mitsubishi Motors have announced plans to explore collaboration potentials, focusing on electrification and intelligent mobility. The carmakers signed a memorandum of understanding (MOU), which proposed the creation of a joint holding company to strengthen their strategic partnership.…
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Australian government desperate to sell EVs, reduces interest rates for some buyers
The federal government has announced an incentive scheme to try and push more car buyers into EVs, by cutting interest rates on certain loans for buyers that fall in a certain category. Low-to-middle income earners – those who earn under…
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VFACTS: November 2024 new car sales results for Australia
It’s almost the end of the year and we can pretty much see what new cars will end up being the most popular for 2024, with the release of November VFACTS figures. According to the report, there were 99,091 new…
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VFACTS: October 2024 new car sales results for Australia
New car sales figures have just surpassed one million units, according to the October 2024 VFACTS report, and the month was the second-best October ever recorded. It makes sense, especially with an influx of new vehicles and new brands hitting…
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VFACTS: September 2024 new car sales results in Australia
As we start to approach the end of the year we can get a bit of an idea of what will be the best-selling vehicles for 2024, with September VFACTS figures showing some interesting trends. According to the latest report,…
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Hyundai surpasses 100 million global vehicle production milestone
Hyundai Motor Company has marked a significant milestone, producing 100 million vehicles since the company’s founding 57 years ago. The event was celebrated at Hyundai’s Ulsan Plant in Korea, where the 100 millionth vehicle, an IONIQ 5, and first vehicle…