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AUSTRALIA’S franchised new-car retail industry has reached a “crisis point”, with the Australian Automotive Dealer Association (AADA) calling for a pause on further automotive brands entering the market amid mounting financial losses, excessive stock levels, and deteriorating dealer profitability.
In a statement, AADA CEO James Voortman said urgent action was...
GEELY South Yarra will officially open its doors at 630 Church Street in the inner-city Melbourne suburb of Cremorne this week as the Chinese electrified vehicle marque continues its dealership network expansion on local shores.
The new dealership will be centralised under the Star Automotive Australia Group, which opened
EUROPE’S automotive industry is confronting a deepening financial and structural crisis, with BMW slashing its profitability forecast and major automotive supplier Schaeffler announcing thousands of additional job losses as well as factory closures.
The developments, announced this week, follow disappointing financial results and sweeping restructuring announce...
WHILE vehicle retailing in Australia in the third quarter is facing industry-wide headwinds that are slowing dealership returns, the nation’s biggest car retailer, Eagers Automotive, says it still expects this calendar year to show record revenue – up 30 per cent on 2025 – and profit.
In a bullish outlook, it is forecasting revenue for the year of up to $17.5...
TATA has officially taken control of Iveco in a move that sees it become the world’s fourth biggest commercial-vehicle manufacturer.
Tata Motors said the two companies would retain much of their independence while combining strengths in technology and logistics.
Tata Motors CEO Girish Wagh said the merging of operations would offer a two-way flow of en...