A major upheaval in the UK car finance sector has emerged as Close Brothers, one of Britain’s largest motor finance providers, announced plans to allocate up to £165 million for
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The United Kingdom’s used electric vehicle (EV) market achieved unprecedented growth in 2024, with sales soaring by 57.4% to reach 188,382 units, according to data released by the Society of
The UK automotive sector has witnessed a significant shift towards electrification, with battery electric vehicles (BEVs) capturing 21.3% of the market share in January 2025, according to the latest data
Dowlais, the British car parts specialist, has struck a significant deal with American Axle & Manufacturing, valued at £1.2 billion, marking yet another UK public company attracting interest from across
The British government is exploring a novel approach to stimulate electric vehicle (EV) sales through subsidised consumer loans. Ministers have initiated discussions with automotive finance providers to expand access to
The UK government’s Treasury department has made an unprecedented move to intervene in a Supreme Court case concerning car finance misselling, sparking optimism that the industry might avoid paying out
Chinese technology manufacturer XPeng has unveiled its groundbreaking Aero HT Land Aircraft Carrier, marking a pivotal moment in the evolution of personal aerial transportation. The innovative vehicle combines a six-wheeled
British luxury automotive manufacturer Rolls-Royce has unveiled plans for a £300 million expansion of its Goodwood facility, signalling a strategic pivot towards bespoke vehicle production amid a 5% decline in
British vanmakers are urging ministers to suspend penalties for manufacturers missing electric vehicle (EV) sales targets in 2024, as current sales remain significantly below government-mandated quotas. Recent data from the
The American automotive giant Ford is bracing for potential penalties approaching £100 million due to its significant shortfall in electric vehicle (EV) sales within the British market. The manufacturer’s performance
Japanese automotive giant Nissan experienced its most significant share price decline since August’s market downturn, as investors scrutinised the implications of its proposed merger with domestic competitors Honda and Mitsubishi.
Electric vehicles (EVs) are poised to outsell traditional internal combustion engine vehicles in China next year, marking a transformative moment in the global automotive industry. Market projections indicate Chinese EV
In a significant move that reshapes the landscape of driver monitoring technology, Seeing Machines has secured £26 million in funding through a strategic partnership with Mitsubishi Electric Mobility, resulting in
In a significant shift towards pragmatic UK-China relations, former Conservative Chancellor Philip Hammond has advocated for Chinese electric vehicle manufacturing on British soil. The endorsement comes as current Chancellor Rachel
Japanese automotive giants Honda and Nissan are in advanced discussions regarding a potential manufacturing partnership that could see Honda return to British soil, utilising Nissan’s Sunderland facility. This strategic alliance
Britain’s financial watchdog has broadened the scope of motor finance complaints to encompass vehicle leasing arrangements, whilst extending the deadline for lenders to respond to claims until December 2025. This
