Industry News: Video: Kiwi dominates Pikes Peak

A Kiwi has made history a the legendary Pikes Peak International Hill Climb, with Rhys Millen the first to win the race in an electric car.

Miller set a new record time for battery-powered cars on the hill climb of 9 minutes, 7.222 seconds, with Nobuhiro ‘Monster’ Tajima coming second, more than 25 seconds behind.

Neither came close to matching Sebastian Loeb’s 2013 time of 8:13.878 – set in a conventionally powered Peugeot. Continue reading “Video: Kiwi dominates Pikes Peak” »

Industry News: Mahindra-backed Rally NZ returns to the Coromandel

GoldRushLogo_2015_v1Rally New Zealand is back on the Coromandel for the second year in a row with the Mahindra Goldrush Rally of Coromandel.

This is the fifth round of the Brian Green Property Groups NZ Rally Champs and will take place on Saturday 22 August with up to 60 cars vying for pole position.

“We’re so pleased to host Rally NZ for another year,” says Thames-Coromandel District Council Mayor Glenn Leach. “The feedback we have received from organisers was that the drivers loved the route and the hospitality shown by the Coromandel community.” Continue reading “Mahindra-backed Rally NZ returns to the Coromandel” »

Industry News: GE sells Custom Fleet business to Element

custom-fleet-nz-limited-1General Electric (GE) has agreed to sell its Australian, New Zealand, U.S and Mexican fleet businesses to Element Financial Corporation for US$6.9 billion.

Excluded from the transactions is GE Capital’s fleet business in Japan.

In New Zealand and Australia, the Custom Fleet brand operates under the GE Capital fleet and equipment finance umbrella. The Australian and New Zealand transaction is expected to close in the fourth quarter of 2015, subject to regulator approvals says GE. Continue reading “GE sells Custom Fleet business to Element” »

Industry News: Legal battle looms between Aussie vehicle website giants

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Two of the leading vehicle listing websites are likely to head to court in Australia in a battle that could end up deciding between online business models.

The case is emerging between Carsales and CarsGuide over an advertising campaign spanning billboard, television, radio and print commercials, which implies Carsales sells customer to its dealers.

Carsales confirmed it is taking CarsGuide – which is owned by News Corp and a group of large car dealers – to the Supreme Court of Victoria, saying its latest media campaign is grossly misleading and deceptive. Continue reading “Legal battle looms between Aussie vehicle website giants” »

Industry News: Kiwi racer gets own Volvo

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In a move that harks back to the Radisch Telstar and Millen Maxima, young Kiwi V8 SuperCar driver Scott McLaughlin now has a car bearing his name.

Volvo has released details of the Scott McLaughlin Limited Edition S60 and V60 Polestar models, ten of which are to be sold here in New Zealand.

Based on Volvo’s existing S60 and V60 Polestar models, the new editions get Ohlins adjustable suspension, Brembo 6-piston brakes, and unique Scott McLaughlin detailing among other changes. Continue reading “Kiwi racer gets own Volvo” »

Industry News: One in three Brit used car buyers won’t return

autofinancing_used_carBritish used car dealers sound like they are driving away their customers – with 39% of buyers unwilling to return to use the dealer they last purchased off again – under any circumstances.

That is according to a survey by motoring services provider RAC.

The survey showed two-fifths of those surveyed had experienced problems with a vehicle purchased from a secondhand dealer, and 29% reported the dealer had failed to rectify the issue. Continue reading “One in three Brit used car buyers won’t return” »

Industry News: Toyota confirms continued sailing funding

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Toyota New Zealand has confirmed it will continue its financial backing of Emirates Team New Zealand for the 2017 Americas Cup.

Toyota has backed the team since its inception, but with controversy and change surrounding the team and sport some had questioned if existing partners would stick with the team.

The next America’s Cup is taking place in Bermuda, and the company says its support will be more important than ever. Continue reading “Toyota confirms continued sailing funding” »

Industry News: ACC reworking levy list over blunder

acc-logoThe Accident Compensation Commission is rushing to rework its list of vehicles and their appropriate levies following a significant data blunder.

The new system was intended to save those with the safest cars money but has already come under industry criticism, with some older vehicles receiving cheaper levy ratings than new ones.

Read about that here Continue reading “ACC reworking levy list over blunder” »

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