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.
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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
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