Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


MMNZ Closes Network Chapter

Media Release

Thursday, 19 April 2007

MMNZ Closes Network Chapter

Mitsubishi Motors New Zealand has sold its Lower Hutt and Wellington Kirk Motors businesses to the Armstrong Motor Group.

The sale takes effect on 1 June and both operations will continue to retail Mitsubishi products. They are the last Kirk Motors dealerships still owned by Mitsubishi Motors New Zealand, whose entire 37-strong car dealer network will now be independently owned and operated.

Christchurch’s Rick Armstrong started business in 1993 and over recent years has been acquiring automotive franchises throughout the South Island and in Wellington.

The Kirk Motors sale marks Mitsubishi Motors’ exit from more than 30 years of directly operating retail dealerships in New Zealand.

“Our core business lies in wholesale distribution and marketing, so it makes sound business sense for us to concentrate totally on those activities,” said Peter Wilkins, MMNZ general manager of sales and marketing.

"Rick Armstrong has aggressively expanded his automotive operations over recent years and we warmly welcome his professional vehicle retailing expertise into our dealer network,” said Mr Wilkins.

The Wellington and Lower Hutt businesses will trade as Armstrong Mitsubishi. Staff have been offered new contracts to retain their current positions.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>

Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>