Yesterday
How the fuel crisis could fix a hole in the EV market
Stephen Yiu lives near a petrol station, and is constantly reminded of his escape from soaring prices as new and used EV sales jump.
This Month
Lightweight wheel maker Carbon Revolution falls into administration
The company employs 350 people at its Geelong plant, and had been listed on the ASX and Nasdaq. But falling demand for its products has created major strain.
War forces Ampol to import US crude, defer refinery shutdown
Delaying maintenance work at Ampol’s Brisbane refinery from early June to the start of August will result in an extra 300 million litres of fuel being produced.
Oliver Curtis’ $6b redemption shot; PM heckled at mosque; Energy Armageddon is just beginning
Read everything that’s happened in the news so far today.
Lamborghini buyers won’t cop an EV version even as petrol soars
Chief executive Stephan Winkelmann says a decision to dump plans for a full EV hit profits, but customers simply don’t want one without an engine roar.
Jobless rate rises; PM names fuel co-ordinator; Oil shock is only growing
Read everything that’s happened in the news so far today.
NSW may end medicinal cannabis driving ban
NSW looking to follow Tasmania in allowing medicinal cannabis users to drive with THC in their system, provided they’re not impaired
Mars owns six collectable cars, but this one is her pride and joy
At weekends, you’ll find Mars Marsanic, the co-founder of a luxury concierge service, cruising around in her beloved Mercedes-Benz Pagoda.
February
Bapcor’s $200m highway to hell
The terms of the car parts retailer’s bailout are about as grim as you’ll see – the sort of deal that happens once a year in the ASX300, tops.
New car buyers set to win from global market shake-up
As China continues to gain market share and fully electric vehicles struggle to win over Australian drivers, the automotive industry faces uncertain times.
Mobile Tyre Shop gears up for ASX debut after Chinese backing
Mobile Tyre Shop hasn’t elected a broker to take it to the ASX but will likely seek to raise between $10 million and $20 million for the IPO.
Discount U-GO delivers for Ampol as motorists drag heels on EVs
A pilot roll-out of unstaffed petrol stations has turned around underperforming sites and is delivering for customers, chief executive Matt Halliday says.
Reece soars, Nuix jumps; Private credit’s new cockroach moment; We drive a $1m Ferrari
Read everything that’s happened in the news so far today.
Chinese car makers target Ford, Toyota with fleet expansion plans
From BYD to Chery, fast-growing firms want to capture a lucrative market long dominated by established players supplying to the public sector and businesses.
This coal mine is being transformed into a $190m paradise for motor heads
Racing, hospitality and housing are all things Australians enjoy. But combining them into a single entity has not been easy for Tony Palmer.
Ex-Suncorp smash repair duo carve out unit from Quadrant’s MotorOne
Jim Vais and Norman Moss’ CARe has agreed terms to acquire MotorOne Autobody, which has 20 smash repair shops in Queensland and Victoria.
Carbon Revolution booted off Nasdaq as manufacturing dream fizzles
The Geelong-based electric vehicle wheel producer was once listed on the ASX and valued at $500 million. Falling demand has it in a bind.
Mobil fined $16m for misleading customers on ‘high-performance’ petrol
ACCC says Mobil engaged in a ‘total falsehood’ at nine petrol outlets where motorists thought they were buying petrol with special additives to help engines.
US concludes BYD and Alibaba have links to Chinese military
The companies are among a number that the Pentagon believes could pose a threat to American national security.
The banker-turned-architect boosting house values with parks
Landscape architect Leonard Ng says the way to win over critics of large projects – and ensure the best design – is to measure the benefits.
