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      Financial watchdog announces motor finance redress scheme, sparking potential banking sector mergers and acquisitions wave

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Cars

  • ‘Positive momentum’ continues for used car seller Motorpoint as it looks to put ‘difficult’ 2023 in rear view mirror

    April 4, 2024

    In a trading update covering the three months to March, the firm said it had seen a "strong and profitable" performance in the fourth quarter.

  • New tariffs for UK exports to Canada after failure to secure post-Brexit deal exemption

    March 28, 2024

    New tariffs are set to hit British firms exporting to Canada from Easter Monday, after talks on extending the trade exemption failed.

  • New car market has strongest February in 20 years as firms invest in fresh wheels

    March 5, 2024

    The UK's new car market has recorded its best February in two decades, according to the latest date from the SMMT.

  • Chris Packham to bring judicial review of government’s net zero rollback

    March 4, 2024

    Chris Packham has been granted permission for a judicial review of the government’s decision to reverse some of its green policies.

  • Kemi Badenoch wants trade ‘barriers torn down’ at Abu Dhabi summit

    February 26, 2024

    Kemi Badenoch is promoting tariff-free trade at a global summit in Abu Dhabi in a bid to see “more barriers torn down”.

  • Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss

    February 1, 2024

    The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.

  • UK’s new car market leaves pandemic in the past with 18 per cent growth in 2023

    January 5, 2024

    The number of new car registrations in the UK grew by nearly 18 per cent in 2023, as automakers emerged from Covid-era supply chain issues.

  • F1’s Coulthard, Hakkinen and McNish in classic car firm seeking £50m injection

    December 17, 2023

    Former racing drivers David Coulthard, Mika Hakkinen and Allan McNish are looking to raise £50m as part of a consortium of investors focusing on classic cars. The trio of motorsporting stalwarts are non-executive directors of a classic car investment firm that is listed on the London Stock Exchange as Tertre Rouge Assets PLC (TRA). TRA [...]

  • The outrageous Abt XGT is an Audi R8 DTM racer for the road

    December 7, 2023

    An unofficial finale for the Audi R8, the Abt XGT brings GT2-style performance and technology to a street-legal supercar.

  • New car market closes in on pre-pandemic levels but EV sales slow ahead of post-Brexit tariffs

    December 5, 2023

    The new car market rose 9.5 per cent last month, marking the best November in four years and close to pre-pandemic levels.

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