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29 Apr 2024

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Sasha Borissenko: Kiribati's attempt to shed colonial past leaves it judgeless
Five judges in Kiribati's superior courts have been suspended by the Kiribati government over the past year.Pending formal proceedings could see them removed from office on the grounds of inability or misbehaviour. Kiribati's...

CMC - Retirement and Appointment of Directors
The Chairman of The Colonial Motor Company Limited (CMC), Ashley Waugh, has announced the upcoming retirement of Matthew Newman as a Director of CMC. Matthew stood down from his role as CEO of CMC’s largest car dealership operation, South Auckland M

NZ Auto's bank pulls funding over boardroom changes
NZ Automotive Investments (NZAI) says its bank is unable to give any assurance of support for its trade finance and motor finance facilities beyond current expiry dates.The company said the advice was understood to relate to recent...

New car sales hit the skids and living costs, fuel prices, supply chain gripes blamed
Surging living costs, high fuel prices and supply chain logjams have been blamed for declining new car sales.After strong sales in May, the latest Motor Industry Association (MIA) data showed June vehicle registrations were down.And...

Motor dealer Armstrong's parks IPO, blaming market conditions
One of New Zealand's largest private automotive groups has put plans for an initial public offering on hold, blaming market conditions.At the end of January Armstrong's confirmed it was seeking to list its shares on both the NZX...

Fuel rage: Could petrol prices for 91 also hit $3 per litre?
Motorists have been urged not to vent their frustration at petrol station staff as prices exceed $3 per litre in some parts of the country. The Motor Trade Association (MTA) has reminded drivers that petrol companies and their staff...

ACC deductions from pay packets set to rise almost 15% over three years
Average family will pay close to an extra $200 in levies, but motor vehicle levies frozen and businesses will pay less.

Couple wins $28K electric car payout after motorway scare
Margaret Lindsay was driving in rush-hour traffic on an Auckland motorway. Suddenly, the vehicle's electric motor stopped. There was no motive power and only enough momentum to reach the safety shoulder. "The dashboard displayed...

TWR - Successful placement of FY23 Reinsurance Programme
Kiwi insurer Tower (NZX/ASX: TWR) has successfully renewed its reinsurance programme for the 2023 financial year, obtaining comprehensive cover with very competitive rates for its home, motor, boat and commercial portfolios, across New Zealand and the Pac

NZA - Funding arrangements following Board changes
NZ Automotive Investments Limited (NZA or the Company) has been advised by the commercial bank that provides its Trade Finance and Motor Finance facilities that it is currently unable to give any assurance of support for those facilities beyond their curr

New car sales nosedive but SUV sales supremacy continues
The car industry is blaming high living costs, fuel prices, supply choke points and a weakening economy for dismal July sales figures.The Motor Industry Association (MIA) said new passenger car and SUV registrations were down 19.4...

Tribunal hears dispute over value of Nissan GT-R muffler
A businessman's grievance over the value of his Japanese supercar's muffler is valid but does not qualify for any financial recompense, the Motor Vehicle Disputes Tribunal says. Mohamed Duwegoda Mudiyanselage, the director of an...

Record year for new vehicle registrations
Rising demand for hybrid and electric vehicles helped drive a record number of new vehicle registrations last year.There were 165,287 registrations in 2021 - up 38.3 per cent on 2020, figures from the Motor Industry Association...

Record new vehicle sales for November, with ute and SUV demand strong
By RNZ New vehicle sales set a new record for the month of November, following strong demand for utes and sports utility vehicles (SUVs).Figures from the Motor Industry Association (MIA) show that 16,327 new vehicles were sold...