Automotive news

• THL receives revised proposals from takeover bidders

  06-11-2026 04:22 via AutoTalk
  
  Tourism Holdings Limited (THL) has received revised non-binding takeover proposals from a consortium led by Australian private equity firm BGH Capital and European motorhome rental company Indie Campers following the completion of most due diligence work.
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• CMC expects consolidation as new vehicle brands ‘flood’ NZ market

  06-11-2026 03:56 via AutoTalk
  
  The Colonial Motor Company expects consolidation in New Zealand’s increasingly crowded automotive market as new brands compete for a limited pool of buyers. Retiring chair Ashley Waugh told the company’s 108th annual meeting that the rapid arrival of Chinese vehicle brands had exceeded expectations and was reshaping the local industry. “The flood gates have truly […]
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• John Journee elected Colonial Motor Company chair

  06-11-2026 03:47 via AutoTalk
  
  John Journee has been elected chair of The Colonial Motor Company following the retirement of Ash Waugh.
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