HOT TOPIC
// Foton New Zealand confident in new ute pairing to make a splash in crowded segment
Foton New Zealand has formally launched its Tunland V Series ute range to media, with dealer stock now arriving and customer deliveries underway.
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// XPeng X9 priced for New Zealand, deliveries under way
XPeng’s flagship X9 has gained New Zealand pricing, with the brand’s local website now listing the seven-seat electric MPV from $104,990, and the first customer cars are about to hit the road.
IN OTHER NEWS
// XPeng’s L03 confirmed for New Zealand, here by year’s end
XPeng’s move on the New Zealand market isn’t stopping with the G6. The brand has confirmed its L03 crossover is on the way here, due to land at the end of Q4.
// Chery reveals local specifications for Stockman plug-in hybrid ute
Chery has released New Zealand specifications for its upcoming Stockman ute ahead of its local launch, confirming a diesel plug-in hybrid powertrain producing 350kW and 800Nm.
// Motor vehicle trader fined after selling SUV with tampered odometer
A Tauranga motor vehicle trader has been fined after selling a vehicle with a tampered odometer, with the company also buying back the vehicle following prosecution action by the Ministry of Business, Innovation and Employment (MBIE).
// Vehicle spending edges higher as fuel purchases decline in June
Spending on motor vehicles edged higher in June while fuel purchases declined, according to the latest electronic card transaction data from Stats NZ.
// Business confidence picks up
Business confidence has bounced back with a net 12 per cent of New Zealand companies expecting an improvement in general economic conditions over the coming months.
// Changes at ComCom
Rachael Coyle has started in her new role of head of dairy, fuel and payments with the Commerce Commission.
// Palmerston North powerhouse: the New Zealand engineering behind a hypercar V12
A new super-limited hypercar with a stunning design, stripped back interior and a manual transmission, created by a former designer for Bugatti and Koenigsegg has taken a major step closer to production in a quiet corner of the Manawatu region.
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INTERNATIONAL EV NEWS
// Lucid (LCID) stock halted, crashes 40% on bankruptcy report it denies
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.
ONE LINERS
- Honda NZ heritage collection move sees 16 classics auctioned for charity
- Rare $1 million R34 GT-R headlines upcoming JDM auction in Auckland
- Mitsubishi Motors explores humanoid robot production
- Is Audi preparing a RS Q5 performance SUV?
- Alfa Romeo teases new SUV, and it’s not the Stelvio
- Denza Z debuts at Goodwood with 1180kW electric performance
- Mercedes starts C-Class EV production at Hungary plant
- Group hits sales milestone
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