Major car finance companies have suspended lending operations following a groundbreaking Appeal Court ruling, throwing Britain’s automotive sector into disarray. The judgement, which found lenders liable for undisclosed commissions, has
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Leading financial institutions have engaged in urgent discussions with the UK Treasury amid growing concerns about potential upheaval in the consumer credit sector following a groundbreaking court ruling on car
Volkswagen AG, Europe’s largest automaker, has found itself in a precarious position following a 64 per cent decrease in quarterly net profit, primarily due to a significant downturn in sales
Tesla shares soared Wednesday after the company reported a higher-than-expected quarterly profit. The company also forecasted “slight” growth in deliveries in 2019 and a large jump in 2025. This performance
I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car’s display
Volkswagen’s motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its “serious failures” in treating customers in
Owners of Vauxhall Citroen Peugeot have said that a decision on the future of their UK plants will be taken “in the coming weeks” amid a dispute over government electric
The European automakers plan to launch dozens of electric models at affordable prices next year, as they prepare for a “EV Winter” fueled by the tougher EU carbon emissions targets
Tesla’s quarterly deliveries of vehicles fell short of expectations and dampened hopes of a robust recovery on the backs of a rebound in Chinese auto demand. In the three-month period
Stefan Lofven visited Northvolt’s base in Skelleftea, near the Arctic Circle, Europe’s first battery gigafactory, just three years ago. He declared that the city was “the future” of the fight
Aston Martin Lagonda’s new chief executive has forced the luxury carmaker to cancel its financial plans and reduce production for the year. Shares in the company have plummeted since the
BMW is increasing its bets on the future of next-generation fuels for passenger cars and will deliver its first mass-produced hydrogen powered cars in 2028. German Motor Group has been
Volvo, the Swedish automaker known for its environmental commitments, has reversed its plan to sell only fully electric cars by 2030. This decision comes amidst growing signs of a global
Volkswagen AG, Europe’s largest carmaker, is facing a challenging situation as it has “a year, maybe two” to restructure in response to declining sales in its home market. This warning
The UK’s zero-emission vehicle (ZEV) mandate is significantly disrupting the automotive industry, particularly affecting traditional brands like Ford and Vauxhall. These companies are witnessing a sharp decline in market share
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market
