Business & People
Appointments, results, deals and the people leading the industry.
Truckometer shows mixed results
Heavy traffic is down while light traffic is up according to the latest ANZ Truckometer results. The heavy traffic index fell 0.4% month-on-month but annual growth…
Trump threat forces Daimler to halt Iran expansion
United States president Donald Trump’s threat to penalise those that do business with Iran has put a halt on Daimler AG’s operations in the country. The…
Greg Miller appointed new KiwiRail chairman
The Government has announced Greg Miller as new KiwiRail board chairman. It follows the resignation of Trevor Janes who left the board on June 30. Miller…
Renault expanding its EV range
Renault New Zealand confirms it’s expanding its range of its electric vehicles (EVs). The company will be at the EVworld NZ event at the ASB Showgrounds…
VTNZ appoints new leader
Greg O’Connor is Vehicle Testing New Zealand’s new country manager. He was previously general manager operations leading VTNZ’s service and customer operations. “I’m really proud to…
Civil Contractors warns of transport underinvestment
Civil Contractors New Zealand (CCNZ) is warning more work is needed to tackle underinvestment in New Zealand’s transport infrastructure. The concerns are in response to the…
Caterpillar posts strong results, tariffs ahead
Caterpillar has announced sales and revenue of US$14 billion for its second quarter results. This is up 24% from the same period last year for the…
PACCAR hits record results in ‘strong truck market’
PACCAR is reporting record revenues and profit for its second quarter results. The Washington-based truck manufacturer, with brands including Kenworth, DAF and Peterbilt, earned net income…
AHG appoints new CFO
Automotive Holdings Group (AHG) has promoted senior business development manager Adam Irving to the role of chief financial officer. AHG managing director John McConnell says Irving…
Eastland Group posts record $17.6m profit
Gisborne-based Eastland Group is reporting a record profit of $17.6 million for the financial year. The company recorded income of $84.7 million to March 31 through…