Value of car imports slumps

Disruptions to the global supply chain have been cited as a key reason for the monthly drop and a rare November trade surplus. The value of cars and parts imported into New Zealand fell in November to $588m, a drop of $121m from the same month in 2019.

Extra shipping costs hit importers

Commerce Commission watching developments in the shipping industry as charges climb in the wake of health crisis. Congestion charges and increasing freight rates are causing headaches for importers, who fear shipping lines are profiteering from the Covid-19 pandemic.

Japan eyes rapid growth

Economy appears on course for a rebound in 2021, according to the latest government predictions. Japan’s economy looks set to grow at its fastest rate in two decades thanks to a recently adopted stimulus package to help it recover from the impacts of Covid-19.

Meet the Sabre, Mclaren’s New Hybrid-Free 614Kw Monster

It’s almost criminal these days for supercar and hypercar manufacturers to produce cars that don’t make use of some kind of electrification. Most do so in a mild capacity, acting as a torque filler, a high-efficiency around-town drive mode, or as a means of green-tinged marketing.

McLaren unveils the Sabre, its most extreme non-hybrid yet

A few wealthy fans of McLaren over in America will be having a very nice Christmas this year, as the British brand has just revealed its latest supercar in limited numbers, and is a USA exclusive.