Automotive Holdings Group has suffered a loss of $232.6 million for the 2019 financial year, following major asset write-downs to its automotive and refrigerated logistics businesses during the period.
The state government’s Westport taskforce has concluded that all container shipping should be moved out of Fremantle to a new land-backed port in Cockburn Sound, to be built at a cost of about $4 billion.
Rhinohide is seeking to raise up to $500,000 via equity crowdfunding platform Equitise, after raising $791,000 from private investors earlier this year, as the vehicle protection panel business looks to launch in the US.
Infrastructure Australia has dramatically scaled down the expected cost of road congestion in Perth, mainly because of lower population growth, but has warned about the impact of continued urban sprawl.
Trucking company CTI Logistics has foreshadowed a marginal profit for the latest half-year, saying weak economic conditions particularly in Western Australia had resulted in significant reductions in activity and increased margin pressure.
Sales of new vehicles in Western Australia bucked the national trend and rose by 5 per cent in July, primarily due to the sports utility vehicle (SUV) market segment, marking the first overall increase in monthly sales since May last year.