Latest Automotive News

Hawk Resources has obtained all necessary government approvals to begin exploration at its Olympus scandium project in Western Australia, targeting a significant scandium anomaly with plans to fast-track drilling.

Nanoveu's EMASS division has been granted a US patent for a silicon accelerator that dramatically speeds up AI object detection, underpinning its next-gen ECS-DoT chip now in production at TSMC.

Xamble Group boosted revenue by 16% in the first half of FY2026, with a record Q2 performance driving a positive underlying EBITDA and sharply reduced losses.

Weebit Nano surged to record revenue of $15.3 million in FY26, fueled by key licensing deals and product tape-outs, while investing heavily in R&D and AI initiatives. Despite a $54.9 million loss, a $102 million capital raise leaves the company well-positioned for growth.

Terra Metals has confirmed a substantial extension of its Southwest sulfide discovery at the Dante Project, with new drilling revealing broad, continuous PGM-Cu-Ni mineralisation over a 1,100m strike. Five rigs are drilling aggressively as the company targets a maiden Mineral Resource Estimate by late 2026.

Nine Entertainment Co. Holdings Limited posted a $511 million statutory net profit for FY26, driven by significant portfolio restructuring and growth in digital and outdoor advertising, while advancing AI licensing partnerships.

Advanced Engineered Materials (ASX:AEM) reported an 85% jump in high purity alumina sales in 1H 2026, with a customer pipeline now valued at US$190 million amid tightening global supply and rising semiconductor industry demand.

AMA Group Limited (ASX: AMA) reversed losses with a statutory profit of AUD 7.7 million in FY26, driven by revenue growth and operational improvements across key segments. The company declared a fully franked dividend, its first since 2019, and outlined a positive outlook for FY27.

Peter Warren Automotive reported a modest revenue increase to AUD 2.489 billion in FY26 but saw profit after tax nearly halve to AUD 6.3 million, reflecting margin pressure in new vehicles and rising operating costs. The company declared a fully franked final dividend of 0.6 cents per share and is poised for growth with expanded Chinese brand exposure and a disciplined acquisition pipeline.

Connexion Mobility Ltd reported a 10% revenue increase to US$12.3 million for FY26, driven by its software platform expansion and the acquisition of Hallam Road Automotive. Profit after tax dipped slightly by 1%, while the company continued aggressive share buybacks to enhance shareholder value.

Terra Metals has pushed the boundaries of its Southwest sulfide discovery at the Dante Project, extending the mineralised strike by 150 metres to over 1,100 metres and confirming multiple high-grade reef zones. The system remains open, with ongoing drilling and assay results set to further define this promising PGM-Cu-Ni-Co corridor.

Schaffer Corporation reported a modest 8.6% decline in net profit for FY26 to $22.2 million, with a rebound in Automotive Leather offset by a loss at Delta and strong gains from its South Connect Jandakot property development.