Day: July 3, 2023

Global bank predicts price cuts amid new-car oversupply – report

A Swiss investment bank is predicting a new-car price war could be just around the corner, sparked by oversupply in the market. View 3 images Unprecedented demand for new cars is about to drop

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AFP seizes drugs concealed in new cars shipped to Australia

Editor’s note: Images, vision and audio grabs from AFP Acting Assistant Commissioner Kate Ferry are available via Hightail The AFP has charged two people over their alleged involvement in a transnational crime syndicate

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Kissimmee man wanted in connection with luxury vehicle theft ring, FDLE says

A Kissimmee man is one of 27 people accused of “illegal activities” involving the theft and resale of luxury vehicles, according to the Florida Department of Law Enforcement. The FDLE said that 26-year-old

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Two dead after experimental hybrid prototype explosion – report

Two researchers have died in Italy after a prototype vehicle testing experimental hybrid technology exploded and burst into flames. View 1 images An experimental hybrid vehicle funded by the European Union has exploded in

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Upgrading busy motorways like M1 may not be best solution for congestion woes

Millions of Australians face the daily frustration of delayed commutes, particularly on busy motorways. But as governments spend billions continually upgrading roads, experts say that might not be the best solution.  Colin Selby

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Why Australia will earn less from lithium as EV demand soars

The value of Australia’s lithium exports is expected to fall after quadrupling to a record $19.5bn last year, as global production catches up with soaring demand for electric cars. The Department of Industry’s

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