Car News

UPDATE (10.34am): The 2020 Australian Grand Prix has officially been cancelled mere hours before practice was to begin, amid mounting concerns over the spread of coronavirus. In a statement issued jointly by F1, governing body the FIA and the Australian Grand Prix Corporation, organisers confirmed the race would not go ahead, with all Formula 1 activity cancelled and ticket holders to be issued a full refund.

Japanese carmaker Nissan is looking to leave a venture fund created with alliance partners Renault and Mitsubishi, as reported by Reuters. The ‘Alliance Ventures’ fund was created by ex-Nissan CEO Carlos Ghosn for the Renault-Nissan-Mitsubishi Alliance to invest in various startup firms working on technologies relevant to the manufacturers.

EXCLUSIVE Holden’s national network of 185 dealers – operating 203 showrooms – have appointed law firm HWL Ebsworth and forensic accountants KPMG to negotiate with US car giant General Motors over compensation offers they claim are “grossly inadequate” and not a fair reflection of the financial impact on their businesses and staff.

Electric car specialist Tesla is looking for a new location in the US to build a factory dedicated to producing the Cybertruck – and it could be in North America’s pick-up heartland. Tesla boss Elon Musk said on Twitter: “Scouting locations for Cybertruck Gigafactory. (It) Will be central USA”. In a separate message, Musk wrote: “Model Y (compact SUV) production for east coast too.”

The 2020 New York motor show has been postponed to August, with the decision coming just hours after New York state announced its first coronavirus containment zone earlier today. The event – which is officially called the New York International Auto Show and was originally scheduled for April 10 – was voluntarily postponed by organisers and not at the order of New York state, according to AutoBlog.