Today
Rich Lister Nick Politis tops up stake in Eagers Automotive
Car dealerships in Canberra previously owned by Mr Politis give Eagers a foothold in the ACT, where electric vehicle sales are rising faster.
- Simon Evans
Yesterday
Porsche’s $120b IPO pitch shows limits of luxury
‘Porsche isn’t a safe bet in a recession because it’s not as exclusive as Ferrari,’ says Daniel Roeska, an auto analyst at Bernstein.
- Swetha Gopinath, Monica Raymunt and Aaron Kirchfeld
This Month
Rex eyes growth with $48m purchase of Cobham FIFO unit
Deputy chairman John Sharp says fly in, fly out services provide ‘more predictable’ revenues than the carrier’s regular commercial flights.
- Lucas Baird
Aurizon gets ACCC nod after tweaks to One Rail buy
The rail operator is acquiring a massive rival. But due to Aurizon’s existing coal operations, it has had to pledge steps for offloading any new coal assets.
- Liam Walsh
Qantas, Virgin ‘hostage’ to markets on sustainable fuel
Australia is producing feed stock used to create biofuels in other parts of the world and paying “seriously inflated” costs to import the fuels back, a Boeing executive says.
- Lucas Baird
- Updated
- Coronavirus pandemic
Qantas to lift vax mandate for international passengers
Qantas will remove its requirement that international travellers on its flights be vaccinated against COVID-19 from July 19.
- Lucas Baird
Eagers Automotive says first-half profit to exceed guidance
Australia’s biggest car dealership group says it is likely to report a net profit of $246 million.
- Miranda Ward
Rex braced for landing in Cobham Aviation’s FIFO sale
Rex’s bid, put together with help from law firm Baker McKenzie, has the backing of its major investor PAG.
- Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald
Virgin hard hit by cancellations as staff shortage bites
Virgin cancelled 15 to 20 per cent of its scheduled flights over the weekend, further complicating travel for passengers.
- Lucas Baird
- Exclusive
- Aviation
Why this airline chief executive counts every day of the pandemic
Air New Zealand is on its way to recovering from the effects of the COVID-19 pandemic, but CEO Greg Foran says it’s important to keep the things in perspective.
- Lucas Baird
- Analysis
- Due diligence
Qantas’ succession planning just got more complicated
When Jetstar chief Gareth Evans steps down from Qantas’ budget offshoot in the new year, he will be the fourth succession candidate in six years to depart.
- Lucas Baird
Newcastle coal prices soar after rail tracks flooded
Rail haulage companies Aurizon and Pacific National have suspended coal export services in NSW’s Hunter Valley after floods closed rail links.
- Jenny Wiggins
- Opinion
- Electric cars
Electric vehicles face a potholed road ahead
Labor’s modelling assumes 89 per cent of new car sales will be electric by 2030. Without dramatic policy change, the car industry doesn’t think it’s feasible.
- Updated
- Jennifer Hewett
Atlas Arteria, IFM in talks; little to show for it yet
Tollroads group Atlas Arteria’s running the longest new shareholder induction for IFM Investors in recent memory, in what looks like an attempt to buy more time.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
- Updated
- Industrial relations
Qantas strikes loom despite bonus offer
Qantas’ offer of a one-off $5000 bonus has failed to placate engineers, who could walk off the job in a matter of weeks pending a vote on industrial action.
- Lucas Baird
Super funds scratch around Kelsian as London bus deal due to depart
Street Talk’s spies have spotted some industry superannuation types pounding the pavement in downtown Adelaide, scouting for somewhere to park their plethora of cash.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Truckies sweat on Labor plan to avoid another AdBlue debacle
The government says Australia is tapping non-Chinese markets for supplies of the critical additive, after supplies reached a critical shortage before Christmas.
- Jacob Greber
Flying vehicles get a flight path from CASA
A national strategy for flying vehicles, which could be in the skies within a few years, shows Australia is prepared for a “new era of aviation,” says Skyportz CEO Clem Newton-Brown.
- Jenny Wiggins
- Exclusive
- Electric cars
Motoring service bodies buy EV play Chargefox
Chargefox boss Marty Andrews said the takeover recognised Australia is at a “tipping point” regarding electric vehicles,
- Lucas Baird
- Opinion
- Chanticleer
Commuters get the French connection
The French approach to managing multimodal public transport in major cities is a ticket to slashing carbon emissions and reducing the reliance on cars.
- Tony Boyd
