Author: Damion Smy

Honda has announced it’s going to introduce 13 recent hybrid electric vehicles (HEVs) using a lower cost, more fuel-efficient next-generation platform because it ditches its previous electric vehicle (EV) sales targets. The Honda business briefing held in Tokyo, Japan yesterday saw the automaker admit it won’t achieve its previous goal of 30 per cent of sales being EVs by 2030 despite committing to investing greater than 10 trillion yen (A$108 billion) in EV tech last 12 months. As an alternative, Honda confirmed plans for a brand new generation of cheaper dual-motor ‘e:HEV’ hybrid technology – with renewed investment in internal combustion…

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Six secure parking spaces at 2 Phillip Street, near the Sydney Opera House and Harbour Bridge, have sold for a combined $3.65 million, which works out to $608,000 for every. The figure beat pre-auction expectations and is sort of double the $304,700 paid for a automobile parking space in Notts Avenue, Bondi, believed to be the previous record. “Being probably the most undersupplied and tightly held asset classes within the Sydney CBD, we knew competition was going to very high,” selling agent James Cowan of Colliers told Real Industrial.Mr Cowan said the 85-square-metre lot, situated on the 20-storey The Quay constructing, saw…

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