This Month
- Updated
- Bapcor Limited
Embattled Bapcor gets $1.83b buyout offer from Bain Capital
Shares in the company, which runs 1100 outlets under the Autobarn, Burson, Autopro and Midas brands, climbed 14 per cent after the proposal from the private equity group.
- Simon Evans
The key to more company cars going electric
The number of EV models on offer in Australia has expanded to beyond 100, and more businesses are examining whether to shift their fleets from petrol or diesel.
- Simon Evans
How to choose the right electric vehicle for you
With more and more people making the switch to an EV, and more brands on offer, what are the key considerations for drivers?
- Tony Davis
Electrification reaps rewards for postie fleet
Australia Post has added more than 5000 electric vehicles to its fleet, as the changing demands of delivery drive rapid electrification.
- Maxim Shanahan
Is corporate Australia on the cusp of an EV tipping point?
Only 1 per cent of cars in Australia are EVs, but sales are taking off as more affordable models hit the market and the energy transition intensifies.
- Gus McCubbing
May
Spending crunch spreads as Peter Warren Auto tumbles on profit warning
Shares in the second-largest car dealership group on the ASX crashed to a record low as it warned of a margin squeeze amid cost-of-living pressures.
- Simon Evans
Tanarra pushes for change at Bapcor after $100m buy-up
Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is in Tanarra Capital’s sights.
- Simon Evans
Smash repairer Western General Bodyworks speeds back to auction block
A flyer seen by Street Talk, dubbed Project Optimus, said WGB has doubled EBITDA since it pulled the brakes on its previous sale attempt two years ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rich Lister down $160m as Eagers shares crash on profit warning
Australia’s biggest car dealership group warned of a June-half profit drop as household cost-of-living pressures rise.
- Simon Evans
Meet the Montreal mayor who declared war on SUVs
The ongoing expansion of vehicle size is causing consternation in North America. More than four out of every five new cars sold there is either an SUV or a pickup truck.
- David Zipper
Bapcor shuts big warehouses for two weeks to stop inventory blowout
The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.
- Simon Evans
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
Tesla buyers using tax breaks bring spike in EV leasing
FleetPartners shares have climbed 48 per cent in six months and the CEO said 63 per cent of its novated lease customers in March bought an EV, taking advantage of a $3000 tax break.
- Simon Evans
The best European summer motor events in 2024
From the Pebble Beach Concours d’Elegance to the Goodwood Festival of Speed, top-shelf events are luring car enthusiasts to northern climes.
- Tony Davis
McKinsey program leaves Bapcor in a hole
Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.
- Simon Evans
Bapcor shapes as takeover target after share price rout
Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.
- Simon Evans
Father-son duo make $16.7b in 3000pc stock rebound
The shares of Phoenix-based online used-car dealer Carvana have surged from historic lows, but the company still faces challenges.
- Diana Li
‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.
- Simon Evans
Ex-Bapcor boss braces for the worst after CEO no-show
“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.
- Simon Evans
April
Electric vehicle sales set to surge, IEA predicts
EV numbers will be strong this year and Chinese carmakers will increase their dominance, the International Energy Agency predicts.
- Hans van Leeuwen
