The Queensland government is doubling grants for people buying or building their first home. About 12,000 people are expected to benefit from the $30,000 grants available from Monday and set to remain in place until June 30, 2025. The change will cost $210 million, with the money raised through the government’s coal royalties regime. For … Read more
Image: Polestar Just over 10 percent of Canadian new car buyers this year chose to buy a battery electric or plug-in hybrid electric vehicle. According to CTV, the exact number is 10.3 percent. The Canadian market is relatively small, as the massive frigid country is expected to purchase around 1.63 million new cars, trucks, and … Read more
Australians are being reminded to check their superannuation funds to ensure they are maximising results, as experts reveal their best picks for consumers. Comparison site Finder has shared the winners of its super fund awards for 2023, naming the best of the bunch for key categories including low-fee funds, balanced funds, conservative funds and high-growth … Read more
National Australia Bank will close five branches next year, the bank has confirmed. NAB retail executive Krissie Jones said the branches to be closed on March 7, 2024 are Tuggeranong in ACT, Scone in NSW, Emerald in Greater Melbourne, Runaway Bay on the Gold Coast and Balmain in Sydney. She said the closures were a … Read more
Image: Volkswagen Volkswagen Group, owner of the U.S.-based EV charging infrastructure operator Electrify America, has finally announced its commitment to the North American Charging Standard (NACS, also known as the Tesla charger) beginning in 2025 for many of its brands. The company said it will also explore adapter options so preexisting electrified vehicles can charge … Read more
Buy now pay later business Openpay has been put into voluntary liquidation nine months after halting services to customers. A notice has been issued for a virtual meeting of creditors on December 5 with Simon Cathro appointed as administrator, according to ASIC. The collapse of Openpay began in February when the company announced customers could … Read more
The Nio ET7 is already one of the highest-range electric vehicles available globally, with its 100-kWh battery pack option giving the large Chinese sedan a range of 435 miles on the European NEDC cycle (which is more optimistic than the EPA cycle). Now the ET7 is offered with a huge 150-kWh semi-solid-state battery pack, and … Read more
Insurer RACQ will pay a $10 million fine for potentially misleading customers about pricing discounts on certain types of insurance cover. The Federal Court found RACQ sent out misleading product disclosure statements on at least five million occasions between March 2017 and March 2022. Roughly 458,746 customers missed out on an estimated $86,476,339 in discounts … Read more
Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
The future of an Australian buy now, pay later provider is under a major cloud. BizPay went into administration on November 23 and was placed in the hands of BRI Ferrier’s Jonathon Sherwood Keenan and Peter Paul Krejci. A notice issued by the Australian Securities and Investments Commission flagged that a virtual meeting of creditors … Read more
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