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China’s Chery forms electric vehicle JV with B-ON to penetrate Europe
European clean mobility provider B-ON and China's Chery Group have created an electric vehicles joint venture (JV) and launched a …
Odessa launches auto originations platform
Odessa a global provider of asset finance technology is set to introduce Odessa Auto, an originations platform, marking the initial …
ComfortDelGro secures $73.47m loan from DBS to decarbonise UK fleet
ComfortDelGro, a Singapore-based transport operator, has secured a S$100m ($73.47m) green loan from DBS to decarbonise its UK bus fleet. The …
Hedin Automotive to acquire Dutch dealer Dubbelsteyn
Hedin Automotive Netherlands, part of Hedin Mobility Group, has reached an agreement to acquire BMW and MINI dealer Dubbelsteyn. The financial …
UK vehicle numbers hit an all-time high in 2023, led by surge in plug-in vehicles
The number of vehicles on UK roads reached a record high in 2023, rising by 1.7% to 41,404,589 vehicles, according …
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TUAL unveils PowerBank Pro-Charging targeting commercial EVs
TUAL, a provider of electric commercial-vehicle charging solutions, has unveiled PowerBank Pro-Charging to enhance enterprise fleet-vehicle charging specifically targeting electric …
New car sales in EU fell by 5.2% in March 2024
The European Union car market experienced its first decline of the year in March 2024, with new car sales falling …
Tesla shareholders to decide on Musk’s $47.8bn pay package and Texas move
According to the Financial Times, Tesla has proposed relocating its state of incorporation from Delaware to Texas, following a Delaware …
Liquid Fleet achieves record Q2 used car sales amidst buoyant market conditions
Fleet Procurement and management company Liquid Fleet reported record used car sales in the first quarter of 2024 selling almost …
BCA reports stable used car values in March
Used car values remained stable for the third month running, averaging £7,522 in March, down just £42 (0.6%) compared to …
Rising motor insurance costs in UK sparks flurry of complaints, says FCA
Britain's financial services watchdog has revealed that the rise in motor insurance costs has triggered a wave of complaints as …
Volvo’s vision and navigating the shift to EVs
Volvo Cars' recent decision to cease production of diesel models marks a significant milestone in the automotive industry's transition towards …
Tesla faces threat to European BEV lead amidst rising competition
Tesla's dominance in the European battery-electric-vehicle (BEV) market may be in jeopardy as the overall market share for BEVs is …
Volvo approves leases faster using FICO Platform
Volvo Cars has improved its customer onboarding process across diverse segments following its collaboration with global analytics software provider FICO, …
China’s Chery Automobile partners with Octopus to enter UK car rental market
Chinese state-owned carmaker Chery Automobile has forged a strategic partnership with UK-based Octopus Electric Vehicles to lease its Omoda electric …