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The new car market experienced a crunch in September, with sales slumping 12.4% to 97,020 units compared to the same month in 2023, and down around 1% from August. The September figure was the lowest since last December, when approximately 84,000 new vehicles were sold. Including sales by Tesla and Polestar—companies that are not reported […]

Westpac announced on Thursday that it will sell the remainder of its auto finance business to Australian non-bank lender Resimac, completing the bank’s divestment of the unit following a partial sale in 2021. In that year, Westpac sold its wholesale dealer loan book to a unit of American investment firm Cerberus Capital Management. At the

Even though its quarterly car sales fell short of expectations, Tesla managed to maintain its lead as the leading producer of pure electric vehicles powered by batteries. Tesla reported a 6.4% increase in EV deliveries from the third quarter of 2023, reaching 462,890 units by September 30, just ahead of the 419,426 units sold by

Australian shares are trading lower near noon as traders assess the risks of escalating tensions in the Middle East. At near noon, the S&P/ASX 200 is 0.08 per cent lower at 8,191.30. This follows a largely unchanged close in yesterday’s session, where a significant rally in energy stocks—driven by heightened fears of a broader conflict

To register for Friday’s webinar click here. Chariot Corporation Limited (ASX:CC9) has revised its strategy for the Black Mountain lithium project in Wyoming, shifting from pursuing a large-scale resource to testing the viability of a smaller-scale pilot mine. The goal is to supply spodumene concentrate to lithium hydroxide refineries currently under construction in the southwestern

The major indexes wrapped up Wednesday just above the flatline, as rising tensions in the Middle East put pressure on the markets. The S&P 500 edged up 0.01 per cent to finish at 5,709.54, while the Nasdaq Composite rose 0.08 per cent to close at 17,925.12. The Dow Jones Industrial Average added 39.55 points, or

Oil prices rose on Wednesday following Iran’s missile attack on Israel but later pulled back as traders assessed the potential impact of the escalating conflict on global energy supplies. Brent crude, the international benchmark, initially surged to $76.14 before retreating to $73.84, ultimately closing slightly higher. Meanwhile, U.S. benchmark West Texas Intermediate edged up 0.4%

The Hong Kong share market surged to a 20-month high on Wednesday as the rally ignited by last week’s stimulus measures from Beijing continued to lift Chinese stocks. Can this momentum sustain big gains today and tomorrow? The closure of mainland Chinese markets for the Golden Week holiday has facilitated foreign buying in the Hong

Investors are increasingly turning to complex derivatives trades to capitalize on the uncertainty surrounding the upcoming U.S. presidential election, speculating on stock market movements regardless of the outcome. With fewer than 30 trading days left, the race remains extremely close, raising concerns about a repeat of the contested results from 2020. Many investors are now

Tesla may have delivered 462,890 EVs in the three months leading up to last Sunday, but this fell short of forecasts, causing shares to drop by 6% at one point on Wednesday. By the close of trading, the shares were down 3.5%, as analysts noted that the company now faces the prospect of its first