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Automakers impose travel bans due to deadly coronavirus outbreak
News
4 days ago
2 min read

Automakers impose travel bans due to deadly coronavirus outbreak

Ford and GM have imposed travel restrictions to the city of Wuhan due to a deadly outbreak of a new strain of coronavirus in the city. GM confirmed to Bloomberg it has issued a "global travel advisory" for the Chinese city, with travel limited to "business critical" issues. Ford had also issued a travel advisory for its employees, while Volkswagen has given safety advice to its staff.
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Derek Fung
Beat the price rises: currency pressure poised to push up the cost of cars in 2020
News
17th Jan 2020
3 min read

Beat the price rises: currency pressure poised to push up the cost of cars in 2020

After three decades of record low prices and affordability, Australia’s top-selling cars are on the brink of becoming more expensive. Car companies are warning dealers they can no longer absorb the cost of unfavourable exchange rates. They have been told prices of popular models could rise by between $500 and $1000 – and discounts will be not as generous as they have been in the recent past.
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Joshua Dowling
Porsche, Ferrari and Lamborghini boost sales despite slowest market in eight years
News
8th Jan 2020
2 min read

Porsche, Ferrari and Lamborghini boost sales despite slowest market in eight years

The top end of town treated themselves to record numbers of supercars in 2019 while the rest of us did it tough. Ferrari posted its fifth record in a row – and the seventh all-time high in nine years – while Lamborghini notched up its second record in a row and the fourth in the past five years.
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Joshua Dowling
Mercedes-Benz preparing to axe 10,000 jobs
News
8th Dec 2019
1 min read

Mercedes-Benz preparing to axe 10,000 jobs

Daimler, owner of Mercedes-Benz, has confirmed it will cut at least 10,000 jobs between now and the end of 2022. The jobs cuts will be achieved via voluntary severance packages, an expended part-time retirement program, and 'very restrictively' extended temporary workers' contracts. It will also offer shorter working weeks in order to rein in employment costs. Under its current union agreement in Germany, the automaker is prevented from making forced redundancies until 2029.
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Derek Fung
Holden boss Dave Buttner steps down after the company posts its lowest sales since 1948
News
2nd Dec 2019
4 min read

Holden boss Dave Buttner steps down after the company posts its lowest sales since 1948

EXCLUSIVE Holden boss Dave Buttner has stepped down as chairman and managing director after just 16 months in the job – one of the shortest tenures in the company’s 71-year history – following the lowest sales since the company was formed in 1948.
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Joshua Dowling