Industry News: No more OCR increases until 2015?

graeme-wheeler-bio-for-website00The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5% but economists believe this will be the last until 2015.

According to a Reuters survey of 16 New Zealand economists, todays hike to to 3.5% was expected but it says the market is convinced the central bank will wait until 2015 before hiking it up again in the face of falling commodity prices, tame inflation, and moderating house prices.

Reserve Bank Governor Graeme Wheeler made the following comments in a statement to media: Continue reading “No more OCR increases until 2015?” »

Industry News: Holden recall affects 3700 vehicles

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Model year 2014 Holden Commodore and WN Caprice models built between February 7, 2013 and May 22, 2014 have once again been recalled, this time for faulty front seats.

The latest recall affects 3700 vehicles in New Zealand says Holden New Zealand corporate affairs manager Neil Waka.

Waka says the move is a precautionary one that stemmed from a single isolated report received from the Elizabeth assembly plant in Australia. Continue reading “Holden recall affects 3700 vehicles” »

NQN: Humour and Interest: Ultimate Racetrack launch for BMW M4

Ultimate-Race-Track_2BMW has taken edge-of-the-seat driving to the next level with the launch video for the all-new BMW M4.

Utilising the deck of an aircraft carrier, the new M4 performs a series of manoeuvres literally only millimetres from careering off the edge of the ship.

“BMW Canada, in conjunction with a number of BMW markets around the world, commissioned production of the clip,” says BMW New Zealand managing director Nina Englert. Continue reading “Ultimate Racetrack launch for BMW M4” »

Industry News: Fiat and Renault to build new van

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Fiat and Renault have announced an industrial partnership, which will see both brands jointly develop a new light commercial vehicle, due to be released in the second quarter of 2016.

Fiat which owns Chrysler, says the vehicle bearing the Fiat Professional brand would be an Italian design, built on a Renault platform at a plant in France.

It is the first industrial partnership between Fiat and Renault, two of Europe’s largest mass-market car makers. Continue reading “Fiat and Renault to build new van” »

Industry News: Car dealers deserting central Whangarei

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Mark Cromie Holden is the latest dealership wanting to move out of central Whangarei to Porowini Avenue.

The Northern Advocate reports that the showroom and service departments in Hannah Street have been listed for sale by deadline private treaty by August 1st. Both are sited on freehold properties.

A building on leased land at 16-18 Reyburn Street has also been listed for sale. Continue reading “Car dealers deserting central Whangarei” »

Industry News: Dealer donates car for cancer charity auction

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Masterton dealership Eastwood Motor Group (EMG) is donating a Hyundai Accent to a charity dinner and auction being held on July 25 to raise funds for the Child Cancer Foundation.

EMG sales manager Gary Allan told the Wairarapa Times Age the company will put the $32,000 car up for auction at the Professionals Patrick and Scott charity function.

All of the profit made from the car auction will go the Child Cancer Foundation he says. Continue reading “Dealer donates car for cancer charity auction” »

Industry News: RUC makes small diesel cars unviable says Hyundai GM

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The boss of New Zealand’s most popular diesel passenger brand claims Government taxes have now reached a level where it is no longer viable to own a diesel car for its economy.

The comments about the effects of the latest rise in the cost of Road User Charges (RUC) were made by Hyundai New Zealand general manager Andy Sinclair to motoring journalist Rob Maetzig of the Taranaki Daily News.

Road user charges now cost $58 per 1000km for the owners of all light diesel vehicles as at July 1. Continue reading “RUC makes small diesel cars unviable says Hyundai GM” »

NQN: Humour and Interest: No need to yell at the kids in the back seat

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Toyota USA have solved the age old problem of parents having to discipline their children on the move by raising their voice.

The feature is called “Driver Easy Speak” and it is an option in the latest 2015 Toyota Sienna MPV. It uses a built-in microphone to amplify a parent’s voice through speakers in the back seats according to the Associated Press (AP).

Toyota says it added Easy Speak “so parents don’t have to shout to passengers in the back.” But the chances are many parents will yell into the microphone, according to AP. Continue reading “No need to yell at the kids in the back seat” »

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