Cazoo acquires Spanish car marketplace in €30m deal November 16, 2021 London-based online car retailer Cazoo has acquired Spanish car subscription marketplace Swipcar in a €30m deal, following the decision to expand more into the European market. “Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month,” Alex Chesterman, Cazoo’s founder and chief executive said. “This deal will enable [...]
Aston Martin Valkyrie: first example of ‘era defining’ hypercar completed November 15, 2021 The first Aston Martin Valkyrie customer car is now ready for delivery. The 1,155hp hybrid is described as a ‘true F1 car for the road’.
Auto Trader reports highest-ever sales as digital efforts pay off November 11, 2021 Car marketplace Auto Trader has reported its highest-ever six months of sales and profits, as demand for cars from its platform surged to record levels and the company’s focus on its digital offering in the pandemic paid off. Revenue jumped 82 per cent to £215.4m , up from £118.2m a year earlier. This was up [...]
Ride-hailing firm Gett agrees $1bn SPAC merger with Rosecliff November 10, 2021 Ride-hailing firm Gett enters into a business combination agreement with SPAC Rosecliff Acquisition, valued at $1.1bn.
Car rental Hertz ups its share expectations ahead of relisting November 9, 2021 Shareholders of Hertz increased the size of their public offering of shares by 20 per cent, ahead of plans to relist on the Nasdaq.
Cazoo announces revenue boom as second-hand car demand soars October 26, 2021 Cazoo announces third-quarter success, as their offering resonates with second-hand buyers and a growing delivery culture. The used-car retailer report a growth in revenue up 267 per cent YoY, to £174.4m in Q3. Within this, retails revenues were up 207 per cent YoY, with a gross profit of £11.8m, up by £12.5m compared to Q3 [...]
David Brown Mini Oselli Edition review: small but mighty October 26, 2021 The Mini Oselli Edition from David Brown Automotive is a small car with a big heart – and a big price tag. Tim Pitt drives it.
Porsche celebrates 50 years of sports cars at Weissach October 26, 2021 The world famous Porsche development centre at Weissach has marked its 50th anniversary. We delve into its story so far.
Hyundai i20 N review: hatch of the day October 26, 2021 Finally, the Hyundai i20 N is a supermini-sized hot hatchback fit to rival the all-conquering Ford Fiesta ST. Tim Pitt drives it.
Post-Brexit boost: Ford picks UK factory over Germany for £200m electric car investment October 17, 2021 Ford will boost Britain’s automative industry by making electric car components at its factory in Halewood. The car company selected the Merseyside site over one of its plants in Germany for a £200m investment into its e-Drive transmission systems. The systems control power from batteries used to run a vehicle’s wheels. The deal secures the [...]