C23 Transport Equipment Manufacturing

Tesla set for Australian debut

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Original article by Matthew Smith
The Australian Financial Review – Page: 7 : 24-Oct-14

Tesla Motors will sell its electric cars directly to Australian consumers, rather than through car dealerships. The direct-selling model is used in the US, and spokesman Heath Walker is confident that this strategy will not meet with the opposition it has attracted in some US states. Tesla is also hoping to lease space in Scentre Group’s shopping centres to display its vehicles. The Tesla Model S will be priced from $A90,000 in Australia

CORPORATES
TESLA MOTORS INCORPORATED, SCENTRE GROUP – ASX SCG, INTERNODE SYSTEMS PTY LTD, IINET LIMITED – ASX IIN, NASDAQ, PAYPAL INCORPORATED, GOOGLE INCORPORATED, BLOOMBERG LP

Axe tipped to fall early on Holden engineers

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Original article by John Ferguson
The Australian – Page: 4 : 18-Sep-14

GM Holden has declined to comment on speculation that it will retrench 300 engineers. The car-maker has said only that the closure of its Australian manufacturing operations will be a "long and orderly" process, and that it will reduce its engineering team over a period of time. About 2,000 Holden employees will lose their jobs when production ceases in 2017

CORPORATES
GM HOLDEN LIMITED, GENERAL MOTORS CORPORATION

Japanese subs on the way

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Original article by Phillip Coorey, John Kerin, Simon Evans
The Australian Financial Review – Page: 1 & 4 : 9-Sep-14

The Australian Government is believed to have decided to purchase a new fleet of submarines from Japan, in a major blow for the local shipbuilding industry. South Australian Premier Jay Weatherill has warned that the state’s federal MPs will face an electoral backlash if the submarines are built overseas rather than by Adelaide-based shipbuilder ASC. The Federal Government’s 2013 election platform included a commitment to build the submarines in Adelaide

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, ASC PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP, SYDNEY INSTITUTE, GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF DEFENCE, LIBERAL PARTY OF SOUTH AUSTRALIA, AUSTRALIAN LABOR PARTY, DCNS SA, THYSSENKRUPP MARINE SYSTEMS GMBH, SAAB AB

Luxury cars gain in popularity

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Original article by Simon Evans
The Australian Financial Review – Page: 4 : 6-Aug-14

Data from the Federal Chamber of Automotive Industries shows that 89,867 new vehicles were sold across Australia in June 2014. This is 0.4 per cent lower than in June 2013, although sales of SUVs were 12.7 per cent higher. Meanwhile, prestige marques have enjoyed a surge in sales, with Porsche Cars Australia and Jaguar Land Rover Australia posting strong growth in sales and net profits

CORPORATES
FEDERAL CHAMBER OF AUTOMOTIVE INDUSTRIES, PORSCHE CARS AUSTRALIA PTY LTD, JAGUAR LAND ROVER AUSTRALIA PTY LTD, BRIGHTON JAGUAR, BMW AUSTRALIA LIMITED, MERCEDES-BENZ AUSTRALIA PTY LTD, TATA INDUSTRIES LIMITED

Austal in the crossfire as big guns battle

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Original article by Paul Garvey
The Australian – Page: 19 : 11-Jul-14

There has been criticism of a US military shipbuilding program that involves Australian-listed Austal. The company has been chosen to build half of the ships for the US Navy’s $US34 billion ($A36.2 billion) littoral combat ship program. However, concerns have been raised about the program by senior figures in the US Government. Austal CEO Andrew Bellamy is confident about the program, which will supply between 50 per cent and 60 per cent of the company’s future work

CORPORATES
AUSTAL LIMITED – ASX ASB, UNITED STATES. DEPT OF DEFENSE, REPUBLICAN PARTY (UNITED STATES), UNITED STATES NAVY, LOCKHEED MARTIN CORPORATION