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Dealers question timing of GMH’s decision to quit Australia – The New Daily

Global automotive giant General Motors may have been formulating plans to axe the Holden brand in Australia well before it was announced in February.

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Princess Cruises cancels all Australian cruise ship holidays on iconic ships – NEWS.com.au

Princess Cruises cancels all Australian cruise ship holidays on iconic ships

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All future journeys with the Sun Princess and Sea Princess, including more than 50 from Australia, have been cancelled as Princess Cruises confirms the ships have been sold to a mystery buyer.The ships, which have long been popular with Australian holiday-makers, are among 18 vessels to be sold by Princess’ parent company Carnival Corp.
Princess Cruises said due to the sale, all scheduled trips for the Sun Princess from December 23 to August 14 next year are cancelled, along with those on the S…

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Tesla: Musk Opens Up About Challenges Ahead – Seeking Alpha

Elon Musk is unusually candid about the challenges the company is encountering. What surprised me most about the Battery Day event was the absence of any new prototype.

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Tesla (TSLA) just held its shareholders’ meeting with its Battery Day rolled into one and the message was clear and dreadful. Dont get me wrong that doesnt mean the stock will continue to go down. But the takeaways regarding the business were really awful. I want to discuss a number of statements made by CEO Elon Musk and Andrew D. Baglino, SVP of Powertrain & Energy Engineering. Ive selected these because I either thought they were questionable or to illustrate why I thought this was a bear…

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Volatile Australian share market racks up fifth decline in six trading days – NEWS.com.au

Volatile Australian share market racks up fifth decline in six trading days

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The Australian share market continues to seesaw, slipping back into the red after yesterdays stellar rally and once again following Wall Sts lead.The S&P/ASX200 closed 0.81 per cent lower at 5875.9 while the All Ordinaries Index fell 0.9 per cent to 6056.5.
“It’s quite clear that the market is lacking enthusiasm and gusto — in fact, this is the fifth decline in six trading days,” CommSec analyst Steve Daghlian said.
Unless the ASX200 surges several per cent over the next four days, Septemb…

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