Economy
NZ slips into recession
New Zealand is in recession with gross domestic product (GDP) shrinking for the second quarter in a row, according to latest figures by Stats NZ. It showed…
Truckometer shows rebound of traffic and freight
The ANZ Truckometer light traffic index jumped 8.3% month-on-month in April while heavy traffic rose 2.3% m/m. The data reflects the rebounding movement of both people…
Green hydrogen talks part of PM’s trade mission to Japan, Singapore
Creating a green hydrogen economy are among discussion topics as prime minister Jacinda Ardern meets with officials in Singapore and Japan as part of a week-long…
ANZ Truckometer shows ‘steady’ start to the year
The ANZ Truckometer light traffic index lifted 0.9% month-on-month in January while heavy traffic fell 0.5% m/m. The lift in light traffic follows a 16% bounce…
Holden upping workforce for advanced vehicle development
Holden is growing its Australian design and engineering workforce to more than 500 for advanced vehicle development. And it will put more than A$120 million annually…
Mercedes-Benz North Shore adopts new retail concept
Mercedes-Benz North Shore is set to move to a larger Takapuna showroom. It will also be the first retailer in New Zealand to debut a new…
Mixed import results for commercial vehicles
The number of new commercial vehicles imported into the country took a tumble in September. Light commercials under 3500kg GVM dipped to 2558 in September, compared…
New pilot vessel arrives at CentrePort
A New Zealand-made pilot vessel has arrived at CentrePort, bringing better capabilities to help future shipping navigate Wellington’s harbour. The ship is named Te Haa, meaning…
Cummins delivering electrified powertrains in 2019
Cummins is announcing that it will begin delivery of electrified powertrains in 2019, including battery electric and plug-in hybrids. "These are just the first steps as…
State Highway 1 south of Kaikoura reopens for Queen’s Birthday
State Highway 1, south of Kaikoura, is set to reopen to all traffic on Friday morning ahead the Queen’s Birthday long weekend. The North Canterbury Transport…