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Rich Lister Nick Politis has topped up his stake in Australia’s largest car dealership group Eagers Automotive.

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


The high valuation of the Porsche IPO is meeting resistance from investors.

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 has continued to advance and move into the domestic market space and now into this fly-in, fly-out business,” deputy chairman John Sharp says.

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
Andrew Harding of Aurizon.

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
Boeing Australia president Brendan Nelson.

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
Qantas will no longer require international passengers be vaccinated from July 19.

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 has formalised its deal to sell Chinese electric vehicles BYD.

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 Airlines, chaired by John Sharp, is closing in on Cobham’s FIFO business.

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
“The number of travellers flying with us this school holidays has increased by 15 per cent in comparison to 2019 levels, which is significantly higher than the recent Easter holiday period,” Virgin said.

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
“This is a marathon, not a sprint. And, by the way, there is another marathon to run,” Mr Foran said.

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
Qantas’ succession planning will get more complicated following the departure of Jetstar boss Gareth Evans.

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
Rail tracks in the Hunter Valley are under water after severe flooding around towns like Maitland.

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
Nathan Merritt is one of a growing number of Uber drivers using electric vehicles.

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
Traffic has been rebounding on Atlas Arteria’s French toll road Autoroutes Paris-Rhin-Rhône.

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
Strike action could affect Qantas and Jetstar

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
Kinetic’s got a board-recommended bid for LSE-listed bus and rail company Go-Ahead in June, to edge out rival Kelsian.

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
Eagers has entered an agreement with privately-owned US truck distributor Velocity Vehicle Group for it to acquire the company’s Daimler truck business along with a property in Milperra, NSW.

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
Australia has only one local eVTOL manufacturer, AMSL Aero, but foreign makers like Wisk are keen to bring in their aircraft

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
AMS is a company owned by motoring clubs and insurers across the nation, including NRMA and the Royal Automobile Clubs of Queensland, Victoria, Tasmania and Western Australia.

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
Bernard Tabary, chief executive officer of the international arm of French transport company, Keolis, says his company “thinks like a passenger”.

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