Millions of drivers who were mis-sold car finance products are set to receive approximately £830 each after the details of a new compensation scheme were announced. This initiative follows a
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The British motor finance division of Ford has set aside over £155 million to address the repercussions of a recent car loans scandal. This significant increase in provisions, from £61
The Toyota factory in Burnaston, situated near Derby, has established itself as a significant manufacturing site, producing over five million cars over nearly 35 years. Recently, however, this facility has
Rolls Royce Motor Cars has officially abandoned its ambition to become an all-electric brand by the end of the decade. The luxury automotive manufacturer, which in 2022 had announced plans
Britain’s largest car park operator has entered administration, citing a significant downturn in commuting and inner city shopping that has persisted since the pandemic. The company, NCP, has announced that
Close Brothers Group plc is bracing for a potential £1.2 billion liability due to ongoing issues within its car finance division. The company has raised concerns about the implications of
New car registrations in February reached their highest level in over two decades, totalling more than 90,000 vehicles. This figure is the largest for the month of February since 2004.
Vauxhall Resumes Diesel Sales Amid £19bn Write Down from Shift to Electric Vehicles Vauxhall has announced the resumption of diesel car sales in the UK, a move that follows a
Shares of Mony Group, the parent company of MoneySuperMarket, saw a significant decline as concerns mount over competition from artificial intelligence-based rivals. Investors reacted sharply to the news that Insurify,
The mounting scandal over mis-sold car loans has compelled Santander UK to raise the amount it has allocated for potential compensation to motorists, now exceeding £460 million. Initially, the bank
The car finance compensation landscape is undergoing a crucial transformation, spurred by regulatory scrutiny and increasing consumer protection measures. Following the emergence of significant consumer complaints related to mis-sold motor
Victims of car finance mis selling could be set to miss out on an average of £500 each due to the compensation calculations proposed by the Financial Conduct Authority. Slater
The Nissan Leaf was heralded as the world’s first mass-market electric car upon its 2013 launch in Sunderland. Despite early optimism, ambitions to reach an annual production of 50000 vehicles
The UK Government is at a crossroads regarding the future of electric vehicles with new proposals for a pay per mile tax expected to be announced in the upcoming Budget.
Electric vehicle owners across the United Kingdom are set to encounter a significant shift in motoring costs, as the government prepares to unveil a new pay-per-mile tax in the forthcoming
The chief executive of the Financial Conduct Authority, Nikhil Rathi, is embarking on a mission to Detroit this week to secure backing for the regulator’s controversial £11 billion consumer compensation
