Volkswagen New Zealand has stopped 36 vehicles fitted with illegal emissions testing cheat software from going on sale. Volkswagen group – which includes Audi and Skoda amongst its brand line-up – was forced to admit Read More
Volkswagen New Zealand has stopped 36 vehicles fitted with illegal emi ...
The Ministry of Primary Industries is seeking feedback on proposed biosecurity amendments for importing vehicles, machinery, and tyres into New Zealand. The Import Health Standard: standard for vehicles, machinery and tyres sets out the requirements Read More
The Ministry of Primary Industries is seeking feedback on proposed bio ...
Listed investment company Hellaby Holdings says it will narrow future investment into automotive, equipment, and oil and gas and will dispose of its footwear division being Hannahs and Number One Shoes.
Among the automotive and equipment brands owned by Hellaby are AB Equipment, Diesel Distributors, NZ Trucks, BNT, Autolign, HCB batteries, NZ Brake Co, and Truck and Trailer Parts.
Some other businesses it had exited include textiles, barbeques, and electric metering. Continue reading “Hellaby focuses on automotive, equipment, and energy” »
Listed investment company Hellaby Holdings says it will narrow future ...
Lines company Vector has won the safe vehicle award and security company Tyco has won the company driver safety award in Brake’s inaugural 2015 Australasian Fleet Safety Awards.
The awards, sponsored by SurePlan, Suzuki and Telogis, recognise companies and individuals who have implemented successful initiatives, products or services to tackle fleet safety.
Meredith Connell hosted yesterday’s awards ceremony for Brake supporters and finalists. Continue reading “Vector wins award for safe vehicles” »
Lines company Vector has won the safe vehicle award and security compa ...
The first of October traditionally marks the start of the earthworks season for the New Zealand construction and development sectors.
It also marks the beginning of construction on the first apartment building for Alexandra Park’s new urban village development.
People travelling along Green Lane West will see diggers and mountains of dirt in part of the Auckland Trotting Club’s former car-park. Continue reading “Diggers in action as earthworks season kick off” »
The first of October traditionally marks the start of the earthworks s ...
Volvo Trucks newly developed individual front suspension is now available to order in combination with its dynamic steering package.
“This is an entirely unique combination that gives the driver perfect steering feel and driveability,” says Volvo Trucks’ long haul segment manager Kristin Signert.
“The combination comes into its own in the long haul segment, where the difference in terms of stability, precision and control is particularly noticeable during the a typically long workday. Continue reading “New suspension package for Volvo Trucks” »
Volvo Trucks newly developed individual front suspension is now availa ...
The ACC Board is proposing levy reductions worth $450 million in 2016/17, spread across work, earners’ and motor vehicle levies.
“The proposed reductions are coming from the Board’s new funding policy of each levied account targeting assets within a band of 100 and 110% of the account’s liabilities,” says ACC Minister Nikki Kaye.
The proposed reductions are $171 million to work levies, $61 million to earners’ levies and $218 million to motor vehicle levies. Continue reading “Proposed $171 million reduction in ACC work levies” »
The ACC Board is proposing levy reductions worth $450 million in 2016/ ...
Increased container volumes and log shipments have returned CentrePort Wellington to profit after an earthquake-affected result in 2014.
Net profit rose to $14 million in the year ended June 30, turning around a previous year loss of $1.9 million when the CentrePort operation incurred damage costs for the July 2013 earthquakes reports BusinessDesk.
Revenue increased 9% to $66 million with a 13% increase in container trade to 107,407 twenty-foot equivalent units (TEUs) for the port operator. Continue reading “Increased freight returns Wellington port to profit” »
Increased container volumes and log shipments have returned CentrePort ...
The developer of the $500 million I Port, an industrial and logistics park located on 122 hectares land at Rolleston, Christchurch says the project is attracting strong interest.
“We share a boundary with the Lyttleton Port Company’s (LPC) MidlandPort and conveniently provide direct access to that facility,” says Carter Groups I Port director Tim Carter.
“This is proving a key attraction for a range of potential clients, especially in the logistics and warehousing sectors,” he says. Continue reading “Inland ports create greater efficiency says, developer” »
The developer of the $500 million I Port, an industrial and logistics ...
Infratil Limited sold its 20% interest in Z Energy Limited (80 million shares) via a block trade for $6.00 per share.
The company says while it was positive about the outlook for Z Energy the current market offered an opportunity for a clean exit and the flexibility to recycle its capital into new growth opportunities.
The net proceeds from the sale of Infratil’s 20% stake are $479.2 million resulting in a gain on sale of the 20% interest of $392.2 million. Continue reading “Z Energy shares cashed up by Infratil” »
Infratil Limited sold its 20% interest in Z Energy Limited (80 million ...