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  • Volkswagen earnings plunge as group launches $61.6b cost programme

    via Autotalk
    Volkswagen earnings plunge as group launches $61.6b cost programme
    Volkswagen Group’s operating profit was almost wiped out during the first nine months of 2026 as tariffs, weaker Chinese demand, pricing pressure and major impairment charges weighed on earnings. Operating profit fell 98.7% to €71 million (NZ$141m), down from €5.4 billion (NZ$10.74b) in the same period last year. Sales revenue declined 2.2% to €233.4b (NZ$463.53b), […]
    The post Volkswagen earnings plunge as group launches $61.6b cost programme appeared first on Autotalk.
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  • New WoF inspection rules take effect from November 1

    via Autotalk
    New WoF inspection rules take effect from November 1
    New Zealand’s vehicle inspection rules will change from November 1, with newer cars requiring less frequent Warrant of Fitness checks and motorists facing higher penalties for unsafe vehicles. NZ Transport Agency says the changes reflect improvements in the safety and reliability of modern vehicles. Under the new rules, new cars will not require their next […]
    The post New WoF inspection rules take effect from November 1 appeared first on Autotalk.
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