Industry News: Hellaby values company over Bapcor bid

hellabyHellaby Holdings’ board sees more value in the automotive and resources services investor than the “opportunistic” $322.5 million takeover bid on the table from Australia’s Bapcor.

The company was blindsided by Bapcor’s $3.30 a share offer on Tuesday, which was an 8.9% premium to the trading price before the announcement, getting a phone call from Bapcor less than an hour before Hellaby lodged a notice to the stock exchange.

The shares rose to offer price, which Hamilton Hindin Greene director Grant Williamson said indicated there might be a “sweetener” still to come according to BusinessDesk. Continue reading “Hellaby values company over Bapcor bid” »

Hellaby Holdings' board sees more value in the automotive and resource ...

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Industry News: Three arrests over high-end vehicle scam

cars_part_1

trademe_logo_newWaitakere Police has identified a criminal group that uses devious means to obtain high-end vehicles via Trade Me.

The tactic in operation is for the offender to contact the owner of a vehicle listed on the online auction site for test drive purposes. Thereafter they show the owner fraudulent bank payment slips to convince them the money will clear the following day. In the meantime, the vehicle is listed for sale on various online Facebook pages under fake names.

“Often the offenders are able to sell the vehicles to new buyers, who are usually acting in good faith, before their victims realise they have been scammed and report their vehicles stolen,” says Waitakere’s tactical crime unit’s constable Michael Reinecke. Continue reading “Three arrests over high-end vehicle scam” »

Waitakere Police has identified a criminal group that uses devious m ...

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Industry News: German carmakers capitalise on 5G wireless communications

Image courtesy of Reuters

Image courtesy of Reuters

Audi, BMW, and Daimler have launched an alliance with mobile telecoms network equipment firms to create the 5G Automotive Association.

This partnership between Ericsson, Huawei, Intel, Nokia and Qualcomm and the German carmakers is set to “develop, test and promote communications solutions, support standardisation and accelerate commercial availability and global market penetration,” the founders said in a statement.

This includes speeding up development of necessary infrastructure for next generation data hungry cars as well as in-car 5G connectivity to enable a wide variety of devices to connect up and operate via the internet. Continue reading “German carmakers capitalise on 5G wireless communications” »

Image courtesy of Reuters Audi, BMW, and Daimler have launched an a ...

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Industry News: Auction of cars used by pontiff for charity

K1 Pope

K1 pope number plateThree identical cars that Pope Francis used are being auctioned online to fund support for Syrian refugees and Polish people in need.

The pontiff was driven in three navy blue Volkswagen Golf cars during his July 27 to 31 stay in the southern city of Krakow in Poland for World Youth Day events. The cars bore the registration plates K1 POPE, K2 POPE and K3 POPE according to the Associated Press. Continue reading “Auction of cars used by pontiff for charity” »

Three identical cars that Pope Francis used are being auctioned online ...

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Industry News: Jaguar Land Rover favours no commission

jaguar landrover

Jaguar Land Rover (JLR) is urging its dealership network to employ sales staff on a non-commission basis.

The move comes as part of the company’s £1 billion investment in its UK retail network, which is intended to bring the Jaguar and Land Rover branding together into one cohesive package according to Car Dealer Magazine, UK. The article “JLR boss: No commission for our sales staff” said the manufacturer is currently targeting 86% of its retailers to be dual-brand sites by 2020.

It also pointed out that managing director of JLR Jeremy Hicks said the new guidelines for sales people’s pay would be advantageous to everyone, beginning with the staff. Continue reading “Jaguar Land Rover favours no commission” »

Jaguar Land Rover (JLR) is urging its dealership network to employ sal ...

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Industry News: Ram 2500 picks up Aussie towing award

Ram_2500_NZ_0037a

Australian publication Caravan World is bestowing its 2016 Tow Car of the Year award upon the Ram 2500.

The magazine and website are putting the American vehicle ahead of all the traditional tow cars as the best choice to tow a caravan.

The Ram 2500 tested by Caravan World is imported directly from Ram’s North American factory by the Ateco Group and remanufactured in Australia by Walkinshaw Automotive (American Special Vehicles) to meet Australian Full Volume Compliance rules. Continue reading “Ram 2500 picks up Aussie towing award” »

Australian publication Caravan World is bestowing its 2016 Tow Car of ...

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Industry News: LDV throws down light commercial EV gauntlet

LDV-EV80-2

The New Zealand distributor for LDV commercial vehicles says the electric versions of its V80 delivery van and cab/chassis are landing here in the first half of 2017.

In light of the government’s support for electrification of the light commercial fleet, LDV New Zealand is seeking expressions of interest from both the private and public sector for it’s EV models.

Pricing is yet to be confirmed, but LDV New Zealand says it is aiming for the price point to be somewhere between $60,000 to $70,000, nearly double the price of a diesel V80 but significantly undercutting the smaller electric Renault Kangoo ZE delivery van. Continue reading “LDV throws down light commercial EV gauntlet” »

The New Zealand distributor for LDV commercial vehicles says the elect ...

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Industry News: ComCom reveals big increase in motor vehicle complaints

Commerce CommissionThe Commerce Commission has released its 2016 consumer issues report, presenting a picture of issues affecting New Zealand consumers.

The commission chairman Dr Mark Berry says, “This is the second year we have released the report publicly and once again it highlights some interesting trends in complaints.

“Complaints in a number of areas have increased significantly since 2013, with motor vehicle retail complaints increasing by 70%, complaints about contracts doubling and complaints about debt collection significantly increasing.” Continue reading “ComCom reveals big increase in motor vehicle complaints” »

The Commerce Commission has released its 2016 consumer issues report, ...

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