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This story features EAGERS AUTOMOTIVE LIMITED, and other companies. For more info SHARE ANALYSIS: APE This year s economic recovery has breathed new life in the local automotive industry, but not all share prices have been treated equally -New car sales are back on the rise in Australia, but structural challenges remain for the industry -History shows a close correlation with consumer confidence and a buoyant property market -Post-covid world poses many questions, with far less answers By Nikhil Gangaram The Australian automotive industry has changed dramatically over the past 10 to 20 years. The impact of the internet, the emergence of electric vehicles and the demise of GM Holden highlight the cyclical nature of the sector. ....
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Some dealers will lose everything in Holden s exit from Australia, Senate inquiry hears MonMonday 1 updated ThuThursday 4 FebFebruary 2021 at 9:41am Holden s shock exit from the Australian market is under scrutiny with dealers saying they face financial devastation. ( Share Print text only Cancel A Senate inquiry into Holden s exit from Australia has been told of catastrophic flow-on effects with some car dealerships at risk of financial and personal ruin. Key points: One dealer says General Motors decision will be financially and personally crippling for some dealerships The ACCC is investigating claims dealers made significant investments in the months before GM s announcement The Senate s Education and Employment Committee has begun examining the impact of General Motors decision. ....
Press Release – Business Central Simon Arcus has been appointed Chief Executive of Wellington Chamber and Business Central, and will be starting in the role from March. Simon, a born and bred Wellingtonian, is currently based in Melbourne and will be returning to New Zealand to take up the … Simon Arcus has been appointed Chief Executive of Wellington Chamber and Business Central, and will be starting in the role from March. Simon, a born and bred Wellingtonian, is currently based in Melbourne and will be returning to New Zealand to take up the role. Simon will replace outgoing Chief Executive, John Milford, who finished in the role at the end of 2020. ....
News from Wellington Chamber of Commerce and Business Central Simon Arcus has been appointed Chief Executive of Wellington Chamber and Business Central, and will be starting in the role from March. Simon, a born and bred Wellingtonian, will be returning to New Zealand from Melbourne to take up the role. Simon will replace outgoing Chief Executive John Milford, who finished in the role at the end of 2020. Simon has extensive experience across business, in the financial and insurance industry, and has also headed advocacy and membership organisations. He is currently at Mercer Australia in Melbourne, working with the Goldman Sachs, Alcoa and GM Holden superannuation funds and has spent the past four years overseas. ....