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Buy Right Deal Ends up in High Court

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Buy Right Deal Ends up in High Court THE VEHICLE DEALER’S NEWS SOURCE MONTHLY MAGAZINE OF AUTOTALK.CO.NZ – VOLUME 10 | ISSUE 6 | JULY 2019 Confidence for the road ahead. VIA likely to need budget extension he board of VIA is making progress on funding and its Tbudgets - though is likely to need an extension to the time-frame it was given at the recent AGM. Buy Right deal ends up At the meeting, the board was given two months to present a bal- anced budget and funding options in High Court to the membership. It is looking to stave off he former owner of Buy Right the earn-out deal. insolvency - caused Cars is adamant he does not want That earn-out deal is now at the by a loss of revenue Tthe business back. heart of legal proceedings, with a case channels and deficit Brandon Orlandini sold the eight- set down for the High Court next year. budgets. yard business to Turners in 2016, part of It focuses on his claims that Turners North Island chair Turners’ expansion into a more retail fo- forced him out of the business, and ran Graeme Macdonald cused business. Earlier this year Turners it in a way that was against the earn- Graeme says work has pro- Macdonald dropped the Buy Right Cars brand and out deal in the sales agreement. gressed, though not replaced it with its own. For its part, Turners is steadfast that it as fast as they would have hoped. The deal was for a notional sum has done nothing wrong. “We are in the final process of of $15.3 million plus inventory, which In court, Justice Anne Hinton asked finalising the working group that will included $22m in vehicles. Orlandini, Orlandini’s lawyer Don MacRae if Or- be drawn from leaders of the indus- through his company Turnover Limit- landini was worried about the business- try,” Macdonald says. ed, received $7.5m in cash and $2m in es assets being stripped, or just about That working group will be led by stock, with the rest to be paid out under Continued on page 12 South Island chair Nick Owens, who has a background in accounting. INSIDE “We are hoping to have that under TBAExperience lost in restructure? 3 way in the next couple of weeks,” Cars and solar power dealership 8 Macdonald says, suggesting the On the hunt for ESC 13 group’s makeup will likely be con- Multi-Tasking mum runs dealership 22 313 522 Continued on page 12 The market leader for over a decade. Shift to the Autohub Team and experience the Autohub difference. GLOBAL VEHICLE LOGISTICS NZ · JAPAN · AUSTRALIA · UK · EUROPE | www.autohub.co FOUNDATION SPONSORS AutoTalk acknowledges the support of our foundation sponsors: Importing cars. Made easy. www.autosure.co.nz nichibojapan.com ADTORQUE EDGE DELIVERING YOUR MARKETING SOLUTIONS Automotive software solutions Driving your business 2 | AUTOTALK JULY 2019 | www.autotalk.co.nz NEWSTALK AutoTalk Magazine and autotalk.co.nz are published by Auto Media Group Experience lost in 8/152 Quay Street, Limited. P.O. Box 10 50 10, Auckland City, 1030. Ph. 09 309 2444. rules reshuffle MANAGING EDITOR Richard Edwards 021 556 655 he New Zealand Transport Agency [email protected] has restructured the team that drafts rules for the transport industry - raising T ASSISTANT EDITOR concerns from some that years of experience Geoff Dobson may have been lost. 021 881 823 AutoTalk was told by industry sources the in-house legal team, with more senior roles [email protected] team that handled rules were notified of a has been put in place to ensure that the team restructure, with some given relatively short has the capability and capacity to support JOURNALIST notice that their position was no longer the current and future needs of the Transport Sophia Wang required. Agency,” the spokesperson says. 021 240 2402 Our understanding is some of the rule Motor Industry Association chief executive [email protected] drafting work will be handled David Crawford says a larger, by Meredith O’Connell, the law broader team may not necessar- firm that has been handing case ily be a poor outcome. BUSINESS MANAGER Dale Stevenson reviews for the agency. “So long as the functions 021 446 214 The agency denies this, but remain in-house to the NZTA [email protected] does acknowledge changes and some of the staff were have been made to the legal transferred from the old rules RECRUITMENT SPECIALIST team. David Vinsen David Crawford team to the new larger team, / PRODUCTION “A review of the NZTA’s legal then the extent of institutional Fran Da Silva team was initiated in April 2018,” a spokes- knowledge lost is reduced,” Crawford says. 021 933 279 person told AutoTalk. “As part of the review “However, losing some of the senior staff [email protected] process, there were several rounds of con- from the old rules team does mean the new sultation, an opportunity to express interest in team cannot rely on the extent of experience GROUP GENERAL roles, and interviews with affected staff were and institutional knowledge previously availa- MANAGER undertaken before the final structure was ble to the agency,” he explains. Deborah Baxter implemented in March 2019. “This can be ameliorated to a certain 027 530 5016 [email protected] “The new structure brings all of the NZTA’s extent by seeking advice from the Ministry regulatory legal functions into a single team of Transport who retain an oversight of all (including rules drafting, legislative develop- transport rules. PUBLISHER / CHAIR ment and advisory work). The team that was VIA chief executive David Vinsen is signifi- Vern Whitehead previously dedicated to rules drafting was cantly more critical of the move. 021 831 153 [email protected] disestablished, but the functions the team “We’re disappointed that a wealth of insti- performed have been brought into the new tutional knowledge and expertise in rules Auto Media Group Limited makes regulatory legal team. drafting and implementation appears to every endeavour to ensure information “As a result of the restructure, a larger have been lost,” Vinsen says. contained in this publication is accurate, however we are not liable for any losses or issues resulting from its use. Annual subscription: INDUSTRY SUPPORTERS $84 + gst ($96.60) Printed by: Alpine Printers. autotalk.co.nz autotalk.com.au transporttalk.co.nz transporttalk.com.au evtalk.co.nz evtalk.com.au wheeltalk.co.nz identicar.co.nz AUTOTALK JULY 2019 | www.autotalk.co.nz | 3 NEWSTALK Lala continues to rise at Toyota New Zealand oyota New Zealand has be his successor. promoted its general Lala is on the board Tmanager of new ve- of TNZ as an executive hicles and product planning director. to the role of chief operating “Over the past two officer. decades I have had the Neeraj Lala has only been privilege of amazing in the role since last year, opportunities within this when he returned from an great company,” Lala says. executive leadership pro- “It has been an honour gramme placement with and I am looking forward Toyota in the United States. to continuing to grow Current chief executive with Toyota as we seek officer and managing direc- new levels of excellence in tor Alistair Davis also spent everything we do.” time working in the US, and it He has worked in has been long been expect- most areas of the Toyota Neeraj Lala, Toyota New Zealand’s COO, and Alistair Davis, Toyota New Zealand’s CEO ed amongst the new vehicle business including mar- trade that Lala could one day keting, new vehicles, prod- uct planning, IT and used of Business Administration vehicles. In 2014, he com- (MBA) with Distinction from pleted an Executive Master Massey University. Bennett to lead MBNZ as Giffin Specialists in becomes dealer pre‑shipment inspections ercedes-Benz years in the automotive in Japan & UK New Zealand industry, having held a Mchief financial number of different roles Full border inspections officer Lance Bennett within MBNZ, MBUSA, Fiat has been, announced as Chrysler (in Australia and Authorised MPI inspections the brands new general New Zealand) and BMW. manager. “Since re-joining MBNZ Authorised NZTA inspections The move follows the as chief financial officer, resignation of Ben Giffin, Bennett has continually Odometer verification who is making the move demonstrated a prom- to retail, inent knowledge and Pre-export appraisal becoming passion for the brand, the dealer princi- product and the market, Vehicle history reports pal of Botany as well as exceptional Mercedes- leadership capabilities on Benz - part the ground. of the Arm- “We are confident strong Motor Lance Bennett Lance’s expertise will help Group. him to excel as he takes Bennett brings to the on this new responsibility,” JEVIC NZ role a wealth of experi- MBNZ said in a statement. ence from more than 13 09 966 1779 www.jevic.co.nz 4 | AUTOTALK JULY 2019 | www.autotalk.co.nz NEWSTALK The ban that wasn’t? Report triggers big debate he long and involved process of “ESC can reduce the risk of crashing stage by officials has been on establish- developing vehicle rules hit the due to loss of control by 30% and has ing what constitutes an unsafe car and Theadlines in the last month with a been hailed as the biggest step towards even the suggestion of banning cars on huge debate amongst the industry - and reducing serious injuries and fatalities a star rating is an issue. in the media - over suggestions of a ban since the compulsory wearing of seat- “What is a two star car? A two star for “unsafe” models.
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