'Scale will win': Turners Automotive says big is better for retail and auto repair

'Scale will win': Turners Automotive says big is better for retail and auto repair
Turners says its brand mascot Tina is helping it source cars to sell. (Image: Turners Automotive Group)
Rebecca Stevenson
Turners Automotive has revealed how much it paid for its 50% stake in vehicle repair platform My Auto Shop. The New Zealand Exchange (NZX) listed automotive group held its annual general meeting on Wednesday. It told shareholders it paid $3.35m for its half share of the vehicle startup, which allows consumers to book with approved vehicle repairers on its platform.  My Auto Shop also has a mobile repair business.Motoring throughTurners Automotive Group chair Grant Baker said the company was delivering on its plan. He said th...

More Markets

Thinking of investing? Skip 'most' of NZX
Opinion

Simon Robertson: Thinking of investing? Skip 'most' of NZX

If you want to grow your wealth, then buy the S&P 500. Period.

Fisher and Paykel Healthcare drives NZ stocks to weaker finish
Markets Market Close

Fisher and Paykel Healthcare drives NZ stocks to weaker finish

The S&P/NZX 50 Index closed down 31.63 points, or 0.23%, to 13,483.99.

Jamie Gray 05 Dec 2025
Fletcher Building extends bank covenant deal
Markets

Fletcher Building extends bank covenant deal

The company cannot pay a dividend until it meets its standard covenant levels.

Rebecca Howard 05 Dec 2025
The small standout performers on the NZX
Retail Small Cap Wrap

The small standout performers on the NZX

The small cap index has a blinder in 2025, some small cap awards, and more.