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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.

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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NZ Automotive stabilises after ‘disarray’ last year: Stiassny
Investment,
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