close
MENU
Investment
4 mins to read

NZ Automotive stabilises after ‘disarray’ last year: Stiassny

Owner of 2 Cheap Cars reports lower full-year profit and faces NZ RegCo microscope over corporate governance.

NZAI chair and troubleshooter Michael Stiassny.

Troubleshooter and NZ Automotive chair Michael Stiassny didn’t mince words when describing the “disarray” of the past year and how the owner of 2 Cheap Cars ultimately lost its way.

The company reported its profit in the year ended March 31 was $1.3 million, compared with $2.6m the previous

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
NZ Automotive stabilises after ‘disarray’ last year: Stiassny
Investment,
99291
true