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Lexus teases people mover
News
6th Apr 2019
1 min read

Lexus teases people mover

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Derek Fung
News
6th Apr 2019
1 min read

Lexus teases people mover

Lexus 2019
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Derek Fung
Hyundai, Kia collaborating on EV platform
News
6th Apr 2019
1 min read

Hyundai, Kia collaborating on EV platform

Hyundai and Kia are working on a new electric car platform, set to underpin a range of small and medium-class cars when it launches in 2021. A report from Auto Express reveals the "platform dedicated to electric vehicles is about two years away", according to company insiders. "It will probably focus on B- and C-segment cars," the insider said, representing a move away from Hyundai and Kia's current strategy of adapting existing platforms for electric power.
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Scott Collie
Mini, PSA pause UK plants due to Brexit uncertainty
News
5th Apr 2019
2 min read

Mini, PSA pause UK plants due to Brexit uncertainty

Both BMW Group and PSA Group have put operations on hold at their UK manufacturing plants, as they prepare for disruptions from Brexit. According to the Oxford Mail, the Mini factory in Cowley will be put on hold for four weeks. It was initially meant to kick off when Brexit took place on March 29, but Britain is still a part of the European Union as of April 6.
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Scott Collie
A.P. Eagers and AHG could merge, creating a car dealer superpower
News
5th Apr 2019
4 min read

A.P. Eagers and AHG could merge, creating a car dealer superpower

A proposed merger lodged with the ASX would see Australia’s two biggest new-car dealer groups become one $1.8 billion entity, billed as ‘Australia’s leading automotive group’. Queensland-based A.P. Eagers today announced the conditional all-scrip offer to acquire remaining shares of WA’s Automotive Holdings Group (AHG) that it doesn’t already control. A.P. Eagers already owns 28.84% of AHG’s shares, meaning the proposed risk of a rival bid is seen as very low.
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Mike Costello
Carlos Ghosn re-arrested on fresh charges
News
4th Apr 2019
2 min read

Carlos Ghosn re-arrested on fresh charges

Carlos Ghosn, the former CEO of Renault and Nissan, has been re-arrested by Japanese authorities, alleging of the money paid from his discretionary fund to an affiliate in the Middle East was used for his own personal enrichment. Prosecutors turned up at Ghosn's residence in Tokyo before dawn to take the former executive in for further questioning. The Tokyo prosecutors office has told NHK, Ghosn was arrested for using ¥560 million ($7.1 million) of Nissan's money for personal gain.
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Derek Fung
Mercedes-Benz opens factory in Russia
News
4th Apr 2019
1 min read

Mercedes-Benz opens factory in Russia

Daimler has opened a new plant near Moscow as part of a €250 million ($394.73m) investment, which will see Mercedes-Benz models produced in Russia, for Russia. The facility will create more than 1000 jobs, and initially produce the Mercedes-Benz E-Class. Daimler says "SUV models will follow". According to the company, there's "high demand for Mercedes-Benz E-Class sedans and SUVs" in Russia, hence the move to produce its most popular vehicles in the region locally from here on.
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James Wong
2019 McLaren Grand Tourer teased
News
4th Apr 2019
1 min read

2019 McLaren Grand Tourer teased

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Scott Collie
News
4th Apr 2019
1 min read

2019 McLaren Grand Tourer teased

McLaren 2019
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Scott Collie