Property Observer News Today

Here it is! After an unexplained delay late last year, the world’s most popular electric vehicle is now on sale Down Under.

The next Chinese car brand to launch in Australia says it will arrive this year with a new model and the promise of a five-star safety rating. However, the vehicle is yet to be crash-tested by the independent authority.

In just six months, approximately $US560 billion – or the combined worth of Toyota, Volkswagen, BYD, Mercedes-Benz, and BMW – has been wiped from Tesla's valuation.

In a stark strategy change for the German car giant, it has announced plans to ditch its cheaper models and hike prices for increased profits.

A fault could cause the onboard computer to fail, according to the manufacturer.

A Mercedes-Benz 300 SLR has become the most expensive car ever sold at auction, eclipsing the previous record by €90 million ($AU135 million)

The new Kia Niro may not be offered with a plug-in hybrid option, unlike its predecessor – leaving the Sorento family SUV as the brand’s only PHEV.

Almost seven million cars could splutter to a standstill this week, as Sri Lanka's emergency fuel reserves run dry.

The Chinese-built electric SUV represents a ideological departure for the brand made famous by its lightweight sports cars.

Just three months after last hiking prices, Renault Australia is set to add a further $2210 to some models.