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OIL is being redirected away from the powderkeg Hormuz strait region bordering Iran and through a pipeline crossing neighbouring Saudi Arabia to a port at Yanbu on the Red Sea.
News agencies report that avoiding the Strait of Hormuz has focused attention on Yanbu, and that it already has a fleet of oil supertankers waiting each with a destination of ports in ...
AUSTRALIA’S automotive sector has arrived at a significant inflection point in 2026, with Deloitte research revealing that although dealer revenues have grown, profitability has returned to 30-year averages after the height of the COVID ‘sugar-hit’.
But Deloitte said that far from signalling stagnation, it presented a substantial opportunity for strateg...
RISING floorplan and fixed costs has meant quitting used-car stock quickly has become a priority for dealers, which is reflected in Manheim noting that it has auctioned almost twice as many dealer-consigned cars at auction in 2025 as it did in 2023.
Sales volume for the auctioneer over the three-year period is in the tens of thousands meaning big numbers bein...
FEBRUARY used-car sales held firm after the strong rebound in January but listings have tightened in line with ongoing supply constraints, according to the latest AADA Automotive Insights Report (AIR) report.
The Australian Automotive Dealer Association (AADA), in partnership with AutoGrab, said in the February 2026 AIR that the month recorded 213,856 used ca...
THE Honda Motor Co has announced that it is cancelling three new model EV programs destined for North America as it declares sunk expenses and losses totalling 2.5 trillion yen ($A22.4 billion) over two years.
The inability to recover its investments in EV design and development has led to the company’s first loss since it went public in 1957.
Honda sa...