Latest Automotive News

Eagers Automotive delivered a record $13 billion revenue in 2025, boosted market share in new and New Energy Vehicles, and secured landmark global partnerships to fuel future growth.

Metal Powder Works nearly doubled its powder revenue in Q1 2026 while maintaining strong margins, secured its first NATO defence contract under the UK Ministry of Defence’s Project TAMPA, and advanced its Next Gen powder production system on schedule.

Xamble Group has locked in AUD 700,000 in new contracts and completed its acquisition of YouthsToday, tripling its influencer base and extending its reach to seven Southeast Asian countries.

Plenti Group Limited has reported a record unaudited FY26 Cash Profit Before Tax of $30.8 million and a loan portfolio exceeding $3.1 billion, beating its original target months ahead of schedule. The fintech lender's growth was supported by strong loan originations, robust credit performance, and strategic technology investments.

RPM Automotive has appointed Roy Norris as its new CEO, replacing Clive Finkelstein who served since September 2024. Norris brings extensive industry experience aimed at steering RPM's strategic growth.

Connexion Mobility reported a record $3 million quarterly revenue, boosted by exclusive software deployment for GM Canada’s Enhanced Exposure Program, while net profit before tax fell 31% due to higher expenses.

Freelancer Limited has delivered a landmark FY25 with record profitability, a major NASA contract win, and significant AI-driven growth across its marketplaces and payment services.

Turners Automotive Group Limited (NZX:TRA) has announced an ordinary dividend of NZD 0.10588235 per share for the quarter ending 31 December 2025, payable on 29 April 2026, with a fully franked component and a supplementary unfranked dividend. The company offers a dividend reinvestment plan (DRP) with a 2% discount and new shares to be issued under the plan.

Schaffer Corporation Limited (ASX:SFC) has closed its prior on-market share buy-back program that ended on 30 June 2025 and announced the commencement of a new buy-back, with further details pending.

Frontier Digital Ventures reported a sharp 18% revenue decline in FY2025 due to shedding low-margin businesses, yet achieved a remarkable 205% jump in EBITDA, signalling a successful pivot to core classifieds in emerging markets.

Eagers Automotive is broadening its Australian footprint through strategic investments in multi-brand dealerships and premium Audi outlets, while advancing its international ambitions with CanadaOne Auto.

Latrobe Magnesium has locked in a US$2 million non-dilutive prepayment from its US distribution partner to accelerate commissioning of its Demonstration Plant, aiming for first magnesium deliveries in late 2026.