The date for the Australian Competition and Consumer Commission (ACCC) to make a decision on the merger between TPG and Vodafone Australia has been pushed out from March 28, to potentially April 11.
In an update on the merger posted on Tuesday, the consumer watchdog said its decision will be delayed.
“Timeline suspended due to delay in receiving information from merger parties,” the ACCC said.
“New provisional decision date is expected to be 11 April 2019. The ACCC will confirm the new provisional decision date when the information from the merger parties is received.”
Last month, the ACCC said in a statement of issues that it had concerns over the proposed merger.
“Our preliminary view is that TPG is currently on track to become the fourth mobile network operator in Australia, and as such it’s likely to be an aggressive competitor,” ACCC Chair Rod Sims said at the time.
“We therefore have preliminary concerns that removing TPG as a new independent competitor with its own network, in what is a concentrated market for mobile services, would be likely to result in a substantial lessening of competition.
“If TPG remains separate from Vodafone, it appears likely to need to continue to adopt an aggressive pricing strategy, offering cheap mobile plans with large data allowances. Our preliminary view is the merged TPG-Vodafone would not have the incentive to operate in the same way.”
The ACCC said it would also look into whether removing Vodafone as a fixed broadband competitor would impact competition.
TPG and Vodafone Australia announced in August they would be creating a new entity worth AU$15 billion that would use the TPG moniker.
The new company is slated to have current Vodafone chief Inaki Berroeta serve as CEO and current TPG chief David Teoh serve as chair, as well as book revenue of AU$6 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) of AU$1.8 billion, and operating free cash flow of AU$900 million.
ACCC has concerns over TPG-Vodafone merger
The TPG-Vodafone Australia merger decision has yet to be made, with Australia’s consumer watchdog saying it has concerns about competition that need to be addressed.
Telstra, Optus, TPG-Vodafone win 5G spectrum
Telstra paid AU$386 million for 143 lots; Optus paid AU$185 million for 47 lots; the TPG-Vodafone Australia joint venture paid AU$263 million for 131 lots; and Dense Air Australia paid AU$18.5 million for 29 lots.
TPG board avoids second strike and spill
TPG looks to have avoided a second strike and the threat of a board spill after 94 percent of proxy votes were cast in favour of its remuneration report.
TPG faces court action for allegedly misleading customers
The ACCC has alleged that TPG misled customers over a AU$20 prepayment term in its contracts, estimating that TPG likely retained millions of dollars in forfeited prepayments.
TPG takes out third NBN speed-monitoring report
The ACCC has said TPG is delivering the highest percentage of maximum download and upload speeds to its NBN customers, with Telstra retaining the lowest latency, while MyRepublic came last across most categories.
Ram unveils limited 1500 TRX Ignition Edition, Longhorn SouthFork, and 1500 (RED) Edition
The 2022 Ram 1500 TRX is getting a trio of limited-edition models with custom features and unique exterior appointments. The 1500 TRX Ignition Edition, 1500 Longhorn SouthFork, and 1500 Ram (RED) Edition recently made their first appearances at the State Fair of Texas. The latter is particularly worth mentioning as Jeep, Fiat, and Ram cemented with U2 frontman Bono’s (RED) organization to fight global health crises.
“Ram customers demand even more, and our new models deliver that with a selection of exterior and interior appointments and content for greater personalization,” said Mike Koval Jr., Ram Brand Chief Executive Officer – Stellantis.
The 2022 Ram 1500 TRX Ignition has the TRX Level 2 Equipment Group. The package includes custom Ignition paint and body graphics, a panoramic sunroof, a spray-in bed liner, a bed step, cargo tie-downs, a cab-mounted LED brake light, and bespoke 18-inch machine face black wheels. Under the hood is the same 6.2-liter supercharged HEMI V8 motor pumping out 702 horsepower and 650 pound-feet of torque.
Other goodies include orange interior stitching, embroidered TRX logos on the seatbacks, copper carbon fiber trimmings, a heads-up display, and an orange center console badge. The Ram TRX Ignition starts at $91,585 (plus $1,695 destination), and only 875 units will arrive at US dealerships near the end of 2021.
Meanwhile, the 2022 Ram 1500 Longhorn SouthFork is all about luxury. It replaces the Limited Longhorn 10th Anniversary model and has an impressive lineup of standard kits like a multi-function tailgate, metal pedals, a deployable bed step, LED bed lighting, a spray-in bed liner, and a cargo divider.
It also has a Mountain Brown interior, bucket seats, suede door bolsters, and leather interior trim. The Ram 1500 Longhorn SouthFork starts at $61,620 (plus $1,695 destination) and arrives at dealerships later this year.“Buyers demand a good-looking truck with easy-to-use features. They tell us their Ram trucks are an extension of their personality, and they want to stand out from the crowd,” added Koval.
Finally, the 2022 Ram 1500 (RAM) RED Edition is available in a crew cab body style and starts at $63,250 (plus $1,695 destination). The (RAM) RED model has red RAM letters on the front grille and a (RED) badge on the center console lid. Engine choices include a 5.7-liter V8 with 395 horsepower and 410 pound-feet of torque or Ram’s 3.0-liter turbocharged EcoDiesel V6 with 260 horsepower and 480 pound-feet of torque.
2022 Honda Passport arrives with a fresh face and new rugged TrailSport trim
Honda is fortifying its SUV lineup with the redesigned 2022 Passport five-seat crossover. The new Passport comes with an outdoorsy TrailSport trim with chunkier bumpers, a wider track, and 18-inch wheels with chunky tires. Standard across the board is a more rugged façade (derived from the Honda Ridgeline) and a mild splattering of technology updates.
Honda has yet to show the standard 2022 Passport, so let’s focus on the off-road-ready TrailSport version. “Some may not realize the true rugged, off-road capabilities of our light trucks,” said Dave Gardner, executive vice president of National Operations, American Honda Motor Co., Inc. “Now they’re getting tough, rugged looks to match, and the addition of TrailSport will further enhance the off-road capability of our vehicles in the future.”
The 2022 Honda Passport TrailSport has chunkier front and rear bumpers, a unique grille, and silver skid plates. It also has special Orange TrailSport badges on the grille and tailgate. In addition, TrailSport has a 10 millimeter wider front and rear track for a burlier stance and better stability. It also offers more room to accommodate all-new machine-finished 18-inch wheels wrapped in TrailSport-specific off-road tires.
Under the hood remains a 3.5-liter V6 engine with 280 horsepower and 262 pound-feet of torque. Power goes to a nine-speed automatic transmission driving the front wheels. However, standard in Passport TrailSport and Elite is Honda’s i-VTM4 torque-vectoring all-wheel-drive system. The drivetrain can automatically send up to 70-percent of engine torque to the rear wheels in rugged terrain. It can also send 100-percent of that torque to either the left or right rear wheels to keep you going.
All AWD Passport models have 8.1-inches of ground clearance and can tow up to 5,000 pounds when properly equipped. All trims also get 50.5 cubic feet of cargo space and a power tailgate. Passport also has under-floor storage compartments in the back to keep wet clothes and dirty boots from mingling with your precious cargo.
Meanwhile, every 2022 Honda Passport has standard Honda Sensing. The package includes a collision mitigation braking system, forward collision warning, lane-keeping assist, road departure mitigation, lane departure warning, and adaptive cruise control. Additional standard safety equipment includes LED headlights, smart entry with push-button start, a rear-seat reminder, and a rear seatbelt reminder.
Inside, the 2022 Honda Passport gets an 8-inch infotainment touchscreen with Apple CarPlay and Android Auto connectivity. Furthermore, the EX-L trim has perforated leather seats and contrasting stitching, while Passport TrailSport has amber interior ambient lighting, rubber floor mats, orange stitching. Pricing remains forthcoming, but the new Passport arrives at dealerships this winter.
Aura EV Concept is a collaboration of brilliant British minds
The Aura EV Concept is a long-range, all-electric speedster boasting 400 to 500 miles of driving range. It may not have the supercar-styling of a Bugatti Chiron or McLaren Elva. Still, the Aura EV is more about substance than style and results from a collaboration between four British companies: BAMD Composites, Conjure, Astheimer, and Potenza Technologies.
The four companies also got help from the UK Office for Zero-Emission Vehicles, with a common goal of creating the first homegrown long-range British EV. And when it comes to electric vehicles, aerodynamics is critical in squeezing out every ounce of driving range from the batteries, and the brainiacs behind Aura EV know this all too well.
But the future of Britain’s EV industry should not only have a more extended range. It needs to be sustainable as well, reducing every ounce of carbon footprints along the way. Aura EV has a lightweight composite body derived from natural fibers. In addition, its svelte yet minimalist silhouette is the result of computational fluid dynamics to make it as slippery as a fish in the water. And if those covered rear wheels are any indication, Aura EV can slice the wind almost effortlessly.
Unfortunately, some details are pretty scarce, but we were lucky to receive more information about Aura EV. According to sources, the car has two 44 kWh battery packs. One of them is on the floor, while there’s also a battery pack under the hood, enough to propel Aura EV to 400 miles (643 km) on a single full charge. If you came here looking for numbers, we’re sorry to disappoint. We’re expecting performance to be peppy for your weekend excursions, but don’t expect it to outrun a Rimac Nevera or Lotus Evija.
One of the central premises behind Aura EV is to reduce people’s perceptions of range anxiety, enabling buyers to adopt the EV lifestyle without further hesitations. Other quirks include a custom steering wheel with a self-positioning screen and a hi-tech human-machine interface with 3D visualization. Meanwhile, Aura EV’s Android-sourced battery and charging software can monitor the state of charge within 0.5-percent for superior accuracy, ensuring drivers will never unexpectedly run out of juice or wait unnecessarily at a charging station.
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