Tag Archives: car

ExxonMobil cancels an asset sale in Australia’s Bass Strait: AFR | Instant News

FILE PHOTOS: Exxon sign seen at a gas station on the outskirts of Chicago in Norridge, Illinois, USA, October 27, 2016. REUTERS / Jim Young

SYDNEY (Reuters) – ExxonMobil has canceled a potential sale of its multi-billion dollar oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.

The decision by major US oil companies comes just six weeks after the deadline for indicative bids for the portfolio set by JPMorgan advisers.

“After completing an extensive market evaluation, ExxonMobil has decided to retain its Australian-operated Gippsland Basin production assets,” a spokesman for ExxonMobil Australia’s local affiliate Esso was quoted as saying by AFR.

He hinted that the sales process had not yielded sufficiently attractive offers, AFR reported.

An ExxonMobil spokesman could not be reached for comment on Saturday.

Reporting by Swati Pandey; Edited by Tom Brown


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Hyundai Santa Fe Hybrid confirmed for New Zealand – but no plug for now – News | Instant News

Hyundai New Zealand will add a hybrid version of the new Santa Fe 2021 launched in the middle of next year – although it will not feature plug-in technology. At least not at first.

The Santa Fe hybrid will feature a 1.6 liter turbo-petrol engine with a 44kW electric motor and a 1.5kWh battery. Total system output will be 169kW / 350Nm (no fuel economy figures have been shared yet) and while specifications are yet to be finalized, Hyundai NZ said it anticipates the hybrid will become AWD.

But that won’t be Add-ons Hybrid Electric Vehicle (PHEV). This will be a petrol-electric powertrain similar to the one used by Toyota in the upcoming RAV4 and Highlander models.

That’s the direct difference between the equally new (and closely related) Santa Fe and Sorento of its sister brand Kia, which has been announced. PHEV version for the first quarter of 2021.

Sorento PHEV combines a 1.6 liter turbo-petrol engine with a 13.8kWh lithium-ion battery pack and a 66.9kW electric motor. The pure electric range will be about 50 km; the system produces 195kW / 350Nm.

Although the brands come from the same enclosure, they are distributed by different companies in NZ: Hyundai is independent and locally owned, while Kia is a subsidiary of the factory.

In short, no love was lost between the two on local soil. So it’s no surprise that Hyundai says it’s very comfortable with its conventional hybrid options and it hasn’t been possible to prove whether there is a demand for the Santa Fe Plug-in Hybrid Vehicle (PHEV).

“We know from competing brands that have a hybrid variant, they are doing quite well,” said Gavin Young, technical boss of Hyundai NZ.

“Our customers ask questions and we know there is interest. We know there is space we can fill.

With all the coverage we did with EVs and Nexo, we knew that early adopters wanted the technology.

“We’re also working with Australia to see what the market looks like for the plug-in variant, but that’s not yet determined. There has to be demand.”

Sales statistics seem to support that view. Only 610 PHEVs have been sold in NZ this year, compared to the 1189 BEVs and 6,844 petrol-electric hybrids.

Meanwhile, Hyundai has launched the diesel and petrol variants of the Santa Fe 2021 in NZ. Although it looks similar to the previous version, except for the new grille which is scalloped and carries most of the body panels, it uses a new platform, with new technology.

There are three powertrains: 2.5-liter 132kW / 232Nm petrol with 6-speed automatic and AWD, a core 2.2-liter 148kW / 440Nm turbo diesel engine with 8-speed automatic dual clutch and AWD, and a return of the V6 petrol model: 200kW / 331Nm from a 3.5-liter engine. , with an 8-speed automatic (not the new diesel dual clutch) and FWD only.

Across entries, Elite and Limited specs, prices range from $ 62,990 to $ 89,990.

The $ 90k price tag for the 2.2D Limited flagship is attractive because the model shares a similar high-tech suite, including remote parking and a high-resolution display in-dash blind, to Kia Sorento Premium. But Kia costs just $ 76,990.

Again, Hyundai NZ is comfortable with that. General manager Andy Sinclair pointed out that the gap is smaller than before ($ 20k on the previous model) and the Santa Fe is the top seller in this segment – with Limited being the most popular variant.

“If people buy a cheaper car, they are still a cheaper car – maybe a much cheaper car – when they exchange them,” Sinclair said. “What we prove with our brand is when people buy [Hyundai], they get a strong residual value.

“There is a big difference in NVH [between Santa Fe and Sorento], there are indeed differences in the materials used, but the biggest difference is the brand. People trust our brand. “

To view all the Hyundai Santa Fe models currently listed on DRIVEN, click here


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LDV’s eDeliver 3 revealed to be New Zealand’s cheapest fully electric van – News | Instant News

As electric vehicles are slowly gaining popularity in the passenger segment in New Zealand, it should come as no surprise that the commercial segment is on the rise with offerings that are entirely electric.

Revealed last week at the local launch of the Deliver 9 brand, LDV provided us with a new eDeliver 3 electric van propulsion that will rock this much-contested commercial segment.

Click here to see a list of all LDVs in DRIVEN

While we could get behind the wheel of LDV New Zealand’s first eDeliver 3 model, the brand is tight-lipped on price, mentioning that it hasn’t been finalized with the manufacturer.

We can now report that eDeliver 3 will land in New Zealand for $ 49,990 + GST.

The EDeliver 3 is a custom built EV van, manufactured using lightweight composite materials and will go on sale in New Zealand in Q1, 2021. Initially, two short wheelbase models with a payload capacity of 4.8 cubic meters will be offered.

$ 49,990 + GST ​​eDeliver 3 comes with a 35Kw / h ternary lithium battery pack offering a range of up to 280 km, while an optional 52.5kW / hr battery pack adds 120 km further to the range, offering users up to 400 km of travel on a single charge. power.

The upgraded battery pack adds $ 5,000 + GST ​​to the price, bringing the RRP to $ 54,990 + GST ​​for the eDeliver 3 equipped with a remote battery. Peak power is rated at 90kW with a peak torque of 255Nm. EDeliver 3 offers payloads of up to 905kg.

“Negotiations with the manufacturers have gone very well and we are very pleased with the results,” said LDV importer and distributor, Great Lake Motor Distributor managing director, Deon Cooper.

“With this price, we estimate sales will be fast. New Zealand is poised for an EV van at an affordable price of this size, with couriers and delivery drivers, drivers, governments and fleet buyers all loving this low-emission light commercial vehicle at such an affordable price.

“Investigations are already underway, with the name taken for eDeliver 3 when it arrives here early next year.”


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Vacation Travel Through Waco A Mystery As Thanksgiving Approaches Local News | Instant News

The Sam’s Club on East Waco Drive was asking for $ 1.56. Support local journalism Your subscription makes our reporting possible. {{feature_button_text}} GasBuddy.com reported that 46% of participants in its annual Thanksgiving Travel Survey said their travel plans were affected by COVID-19. When asked how their plans had been changed, 71% said they were staying home this year and 5% said they were not celebrating Thanksgiving because of the coronavirus. Another 20% celebrate Thanksgiving at a different location this year, and 11% drive instead of taking other transportation to their destination, according to a press release. “Gasoline demand continued to struggle as the coronavirus kept Americans in their key homes out of their cars, work and e-learning from home,” GasBuddy analyst Patrick DeHaan said in the statement. hurry. “But with the positive results of two vaccine trials, we are starting to see a return of optimism.” Gasoline prices are rising in some places, he said. “However, the survey results show continued anxiety on the part of motorists, even with the lowest Thanksgiving gasoline prices in years, highlighting the challenges we face in this pandemic,” he said. writes DeHaan. “Any projection of a vacation trip through Waco this year would be an educated guess at best,” said Chris Evilia, director of the Waco Metropolitan Planning Organization.

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General Motors Specialty Vehicle (GMSV) is all available for New Zealand – News | Instant News

The Holden Special Vehicle (HSV) is dead: the long-lived General Motors Specialty Vehicle (GMSV), finally launching in Australia and New Zealand.

GMSV has started with 50 dealers, including the following for NZ: Giltrap GMSV (Newmarket, Auckland), Manukau GMSV (Auckland), Ebbett Hamilton GMSV, Robertson GMSV (Palmerston North), Johnston Ebbett GMSV (Wellington) and Blackwells GMSV (Christchurch) .

We know exactly what you think: the C8 Corvette. Yes, this new mid-engined monster will definitely launch in NZ under the GMSV, but you’ll have to think about that later. It will be a Kiwi starter for “late 2021”, the company said.

Instead, the GMSV will start where it is familiar: with the Chevrolet Silverado 1500 relaunched in March by HSV. The product line for GMSV remains the same as for HSV: trucks imported into Australia and “reproduced” to right-hand drive by Walkinshaw Automotive Group, including more than 500 unique parts.

Whether the GMSV Silverado will start with the end of the previous HSV product or launch with an updated model, the company won’t say at this stage. Pricing and specifications for what GMSV calls “Silverado 2021” haven’t been announced.

“We believe there are significant opportunities in Australia and New Zealand for our iconic North American Vehicles to compete in this particular segment,” said Joanna Stogiannis, director of GMSV.

“We know that customers are eager to see what other products we will add to our portfolio. We will continue to identify opportunities to add vehicles where we see opportunities to compete in specific segments in Australia and New Zealand. “


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