Jose Cachero

Growing our footprint with Sustainability and Environment at the forefront.

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⛽ Real-world data shows figures for ICE and PHEVs much higher than claims under WLTP, prompting calls for reform. Read on below for more. #fueleconomy #wltp #efficiency #wearecarsales

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Australia's automotive industry is a significant economic force, generating about $174 billion in 2022 –23 and expected to grow to over $185 billion annually within 5 years. With over 320,200 workers (as of May 2023 to February 2024), the industry is moving towards electric vehicles (EVs) and new technologies to meet global sustainability goals and consumer demand. Due to this increasing demand, the workforce is expected to grow by over 31,000 by 2033. Our 2024 Workforce Plan provides a focused insight into individual sub-divisions within the automotive industry, including: 🚗 Automotive Retail and Wholesale 🚛 Automotive Repair and Maintenance 🚍 Automotive Manufacturing The new opportunities for growth in EV and hydrogen technology have led to industry challenges like continual technological adaptation and skill shortages. Matching workforce skills with the latest automotive advancements is one of the key areas of focus for the automotive industry. Learn more about the automotive industry insights in our 2024 Workforce Plan. Access the full report here. https://buff.ly/4dHAXLg

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Portfolio update – here's an update from a few of our portfolio companies: Visionary Machines – Visionary Machines recently partnered with the Australian Robotic Inspection and Management Research Hub (ARIAM Research Hub) to further develop research for their next generation systems. As well as releasing their latest quarterly report and hosting a visit from Former Prime Minister and the Chair of Robotics Australia. Read more: https://lnkd.in/gcNRDBx7 Crypto Tax Calculator – A big congratulations to the team on their SOC 2 Certification. The team is hiring for a range of roles, including a Content Manager.   Shane Brunette, CEO and Co-Founder, recently spoke with Folklore on their expansion through partnerships, as well as their 3.7x global customer growth YTD. Read more: https://lnkd.in/gJZ2qj9x Forever Network – Congratulations on the recent successful Basketball Forever campaign, drawing ~250 million actions. As well as Forever Network's inclusion in the list of '13 sports startups poised to shake up the industry, according to VCs and other top investors' by Business Insider. Read more: https://lnkd.in/gVdjTmqH. Strong Compute – Strong Compute have been busy expanding their team across Sydney and San Francisco, hiring for engineers in both locations.  As well as hosting a range of Hackathons across the two cities, with their latest GPU Chess Hackathon in Sydney taking place last weekend. Ben Sand, CEO and Founder, recently spoke with Folklore on how they're optimising AI cloud solutions for the Fortune 2000 via Hackathons, AI research grants and more. Read more: https://lnkd.in/gZi3Zn_p Wonde – The South African-based Wonde team have just finished a tour of schools across Pretoria, Durban and Pietermaritsburg. The UK team has enjoyed sharing insights at the latest British Educational Suppliers Associate (BESA) Summer Insights Day. As well as hosting two webinars around their SSO launch. Read more: https://lnkd.in/gSvAzPtR Auror – Auror recently participated at #NRFConnect, where Phil Thomson, CEO and Co-Founder, spoke to the importance of security and public safety. As well as participating at Marks and Spencer's 'Security Live' conference. The team plans to take 'Auror Connect', their leadership conference for Retail Crime Intelligence, on the road, with locations to be announced soon. Read more: https://lnkd.in/gXf33tSR

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Battery EV sales continue to grow strongly in NSW You may have read claims that EV sales are “tanking” or “collapsing” or similar. My home state of New South Wales, Australia, provides comprehensive vehicle registration data online via a fantastic dashboard, and the numbers are updated monthly (https://lnkd.in/gHVyaZR8). While this is only one jurisdiction in one country, the data is interesting. All data is current as at 30 June 2024: - There are now 65,755 battery electric vehicles (BEVs) registered in NSW. - In comparison, there are only 73 hydrogen fuel cell electric vehicles (HFCEVs) registered in NSW. - Prior to September 2011, there were actually more HFCEVs on NSW roads than BEVs. - Today, there are 901 times more BEVs on NSW roads than HFCEVs. - Tesla's market share of BEVs is slowly decreasing as competition heats up from BYD, MG Motor Australia, Hyundai Motor Company Australia, Polestar and others. - Tesla’s BEV fleet market share peaked at 63.6% in September 2022, it is now 55.7%. - That still means though there are more Teslas on the road than all other BEVs combined. The chart below shows the growth in BEV registrations on a logarithmic scale. A log scale is useful to show growth rates, because exponential growth on a log scale is a straight line. Every number on the Y-axis is 10 times bigger than the number below it. Prior to the arrival of the Tesla Model 3 in August 2019, BEV sales in NSW had a Cumulative Annual Growth Rate (CAGR) of 37%. Since then, sales have greatly increased, with the growth rate averaging 92% p.a. - meaning sales have nearly doubled every year! If that is “tanking” and “collapsing” sales, then what does good look like?! 😄

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Channel 10 talking about the flying car on the news for the Electrci SUV EXPO!

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#AutomatedVehicle (AV) technology is advancing rapidly and is likely to fundamentally change road transport. The introduction of this technology will impact everyone who interacts with Australian roads, not just those who use AVs.  But what are automated vehicles? Some cars and trucks on Australian roads today already have a degree of automation, such as driver assist features, autonomous emergency breaks, lane assist and adaptive cruise control. But technology is progressing to bring higher levels of automation to market, including vehicles that are fully automated and able to perform all driving tasks in all conditions without any human intervention.  We’re developing laws to ensure that AVs are introduced safely. We have partnered with the Department of Infrastructure, Transport, Regional Development, Communications and the Arts to launch a public consultation on AV safety reforms that will help inform the Australian Government’s development of a new Automated Vehicle Safety Law, as well as amendments to existing state and territory laws.  Consultation closes 11 June 2024. To learn more or have your say, visit our website: https://lnkd.in/eNgN4sBT

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The latest Australian Automobile Association Real-World Testing Program results reveal a 44% discrepancy between lab and real-world fuel consumption data. The new tranche of 21 vehicles tested showed on-road performance fuel consumption levels varied between 6% and 31% higher than their laboratory testing results. This could cost motorists over $360 extra in fuel, each year.  Want to find out which vehicle showed a 31% higher fuel consumption over its mandated lab test result? Read the full article to find out.  https://lnkd.in/gX2NtuFs Simon Matthias Stephanie Rousset

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Exciting news for car buyers! As of July 1st, 2024, the Australian Taxation Office increased the Luxury Car Tax (LCT) thresholds: 📈 $80,567 for non-fuel-efficient vehicles 📈 $91,387 for fuel-efficient vehicles This means you can now purchase higher-spec vehicles without the additional LCT cost. 🌿🚘 Plus, with the redefined fuel efficiency standards, now set at 3.5L/100km, greener vehicles like BEVs and PHEVs get even more incentives! 🌱🔋 Fleetcare specialises in novated leasing, helping you make the most of these changes. Save on taxes and running costs with our expert guidance. Contact us today to find out how! 📞✨ #Fleetcare #LuxuryCarTax #NovatedLease #GreenerVehicles #CarBuyingTips

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New $19.4m electric vehicle training facility to open in Canberra A new $19.4 million training facility for industries developing, operating and maintaining EVs and related technology is to be established at the Canberra Institute of Technology (CIT). The Electric Vehicle (EV) Centre of Excellence will develop training for mechanics, technicians and developers of light and heavy vehicles and mobile plant technology, hydrogen vehicles and associated fields such as charging infrastructure installation and maintenance, and diploma and degree apprenticeship pathways. The centre will network with TAFEs in other states and leverage partnerships with universities, jobs and skills councils and industry to build up Australia’s skills base to support increased EV uptake and the transition to net zero, said a media statement announcing the news. Read more: https://hubs.la/Q02xH5w00 #EV #ElectricVehicle #CentreOfExcellence #CIT #CanberraInstituteOfTechnology #training #mechanics #technicians #developers #lightvehicles #heavyvehicles #mobileplanttechnology #hydrogenvehicles #charginginfrastructure #installation #maintenance #diploma #apprenticeship #pathways #TAFE #universities #jobskills #industry #skillsbase #netzero

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I’ve had my first article published in thedriven.io, Australia’s top EV news website! It’s an analysis to find out which areas in NSW have the highest penetration of battery electric vehicles. Previous analyses have compared areas such as postcodes or suburbs without normalising the data for their vastly different sizes. I would have loved to have done a nationwide analysis, but unfortunately NSW is the only state in Australia which publishes vehicle registration data online monthly and with the required granularity. So in which LGA in NSW are battery EVs most common? Read the article to find out 😄 https://lnkd.in/giEBGExN

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Australia has now a fuel efficiency standard. This week, the New Vehicle Efficiency Standard (NVES) Bill 2024 passed the Senate. Until now, Australia WAS one of the only developed nations without a fuel standard, a critical barrier preventing the import of electric vehicles and transport decarbonisation. While it might sound like we just discovered electricity -fuel targets for passenger vehicles were first raised in 1978- this is a historic moment for Australia! From a humbling beginning, this move places us "in the middle of the pack" globally and sends a clear message to the international market: "Australia is open for EV business." The Australian Government successfully negotiated a workable compromise with the industry through good faith negotiations. Criticized as watered-down, the introduction of the NVES will reduce greenhouse gas emissions from new passenger vehicles by more than 60 per cent by 2030, and ensures that Australians will have access to a wide range of vehicles suitable for both work and leisure. Today, carmakers finally have an incentive to send their best products to Australia, rather than going to markets with clear mandates like California. Moving forward, it's crucial that we all contribute to ensure that the NVES works for all Australians, through regular revisions well into 2030 and beyond, but for now... Let’s celebrate this new era of automotive efficiency! #Sustainability #VehicleEfficiency #Australia #GreenTech #ClimateAction  https://lnkd.in/gMAhrKnr

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Impact of Recent Fair Work Decision on Minimum Wage for Automotive Engineers In a significant development for workers across Australia, the Fair Work Commission (FWC) has announced a 3.75% increase in the national minimum wage. This decision, effective from July 1, 2024, aims to provide some relief amidst the ongoing cost of living crisis affecting many Australians. For members of the Institute of Automotive Engineers (IAME), this wage increase not only represents a boost in earnings but also signals a step towards mitigating the financial pressures faced by workers in the automotive industry. https://lnkd.in/gkDydHyQ

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My post of a few weeks ago called on training and skills ministers and automotive chambers of commerce countrywide to address the lack of apprenticeships dedicated to working on classic cars. This post from the wonderful Drive Against Depression charity addresses the fundamental fact, classic cars (though at times frustrating) bond people, give owners and the general public that see them a warm fuzzy feeling and so are indeed good for our mental health. If there aren’t the people with the skills to work on these cars, the upshot can only be a downturn in mental health. Check out the latest reports about how many people are attending classic car events and look at the smiles (unless you were trying to get in the recent ShedFest event in the UK) and interest people are taking in the ever increasing amount of cars that are turning up at such events. It’s plain to see, classic cars are good for you mental health.

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mycar has released its first Mobility Index research report : 60% of drivers have modified maintenance habits due to rising cost of living   17% are handling brake pad replacements or brake system maintenance 25% are rotating tyres   15% are flushing and replacing brake fluid   19% are replacing the fuel filter   9% are inspecting and replacing suspension components   49% have altered their insurance, with 11% removing it altogether   24% have extended intervals between regular maintenance services   14% struggled to make an insurance payment   https://lnkd.in/gjMVDxkx

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If you're an advanced rider, you're probably using advanced techniques such as trail braking and filtering. The downside of these techniques is that they can result in greater brake pad wear. In this article, we look at why we recommend more frequent brake checks for advanced riders. Visit our website below for the full article. #bendixmoto #brakesystem #mechanical #technical #servicing #brakerepair #ridersafety

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The Australian Government and National Heavy Vehicle Regulator (NHVR) are making strides in enhancing road safety within the heavy vehicle industry through the implementation of the Safer Freight Vehicles reforms. As part of these changes, heavy vehicles up to 2.55 metres wide will now have general access to Australia’s road network. These wider vehicles will be equipped with additional safety features to ensure enhanced safety standards, including devices for indirect vision, stability control, advanced emergency braking, lane departure warning, side underrun protection, and conspicuity markings. This significant progress is now embedded in the Heavy Vehicle National Law (HVNL), marking a pivotal moment for heavy vehicle operators. Assistant Minister for Infrastructure and Transport, Carol Brown, acknowledged the collective effort of the Australian Government, NHVR, states, territories, and the heavy vehicle industry in achieving this milestone. #RoadSafety #HeavyVehicleIndustry #SaferFreightVehicles Read more: https://lnkd.in/gBsth4Zy

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Business for Sale | Queensland Established Trailer Manufacturing $400,000 + SAV After 20 successful years in the trailer manufacturing industry, the business offered is a unique opportunity to acquire a well-established Brisbane northern suburb business that specialises in high-quality, custom-built trailers. This operation is known for its robust designs and innovative features, catering primarily to motorhome enthusiasts and race car owners. With a strong track record of sales, primarily interstate, this business can be relocated anywhere in Australia. In a Nut Shell *Proven financial history: 2024 sales ~ over $1.3m *Profitability: Consistent profitability. Please complete an NDA for full financials *Reason for sale: Owner wants more time to travel, enjoy his hobbies such as Jet skiing, his Mustang cars, perhaps consider other projects, there will be lots to do to keep him busy Key Features *Diverse Product Range: Specialising in single axle trailers and tandem trailers, our products are designed for durability and ease of use. The unique airbag system allows for simple loading and unloading, making these trailers stand out in the market. *In-House Production: All manufacturing processes are completed in-house, from cutting and welding to painting and assembly. This ensures quality control and consistency across all products. *Established Brand: Over the years, the business has developed a reputation for reliability and excellence, having sold over 7,500 tandem trailers and 4,500 single axle models. The brand recognition is a significant asset that will benefit the new owner. *Scalable Operations: The streamlined production process allows for easy scalability. With templates and jigs in place, staff can quickly learn to produce trailers without extensive training. *Flexible Location: While currently based in North Brisbane, the business has a majority of its sales occurring interstate, providing the flexibility to relocate operations anywhere in Australia. Ideal Buyer This opportunity is perfect for engineers, mechanical professionals, welders, boilermakers, entrepreneurs and existing manufacturing businesses looking to (expand) invest in a stable, profitable business. Whether you're interested in hands-on manufacturing or prefer a more managerial role, this business allows for both approaches. You have the freedom to decide how involved you want to be—whether as a hands-on operator or as an overseer managing daily operations. You can choose your level of involvement—from hands-on production to administrative management—as the operation allows flexibility in how much you want to work View more details: https://lnkd.in/gVy9pWZS #businessforsale #businessopportunity #buyasmallbusiness #smallbusinessqueensland #sellingabusiness #businessbrokers

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