Wellington Drive’s journey from manufacturing to tech

Wellington Drive’s journey from manufacturing to tech
Efficient electric motors are just one part of the business.
Paul McBeth
It’s easy to wonder why the perennial strugglers on the NZX persist in sticking it out.One such firm was Wellington Drive Technologies, which for years was awash with red ink and forever promising change was just around the corner.It’s probably time to shed that misapprehension because, even with the share price trading at just nine cents apiece, Wellington Drive seems to be delivering on its promises.That’s in part because things were so much worse a decade ago.Back then, the nicest thing you could write about Wellington Driv...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.