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UK car production registers 14.6% growth in February: SMMT
UK car production increased by 14.6% in February 2024, marking the best performance for the month since 2021, according to …
EV adoption: ULF paves the way for sustainable transport financing
In the latest Green Finance Institute's 'Green Finance Quarterly' from March 2024, Matthew Jennings sheds light on the pressing challenges …
FCA raises concerns over insurers’ valuation of written-off or stolen vehicles
The UK's Financial Conduct Authority (FCA) has revealed that some insurance companies may not be offering fair valuations for customers' …
Explainer: the path to net zero emissions in automotive
In the auto sector, most OEMs aim to reach net zero by 2050, but emissions reporting and standards remain weak. …
Chinese firm acquires European flying car technology for undisclosed amount
A Chinese firm has acquired the technology behind a groundbreaking flying car originally developed and successfully test-flown in Europe, according …
China’s BYD poised to overtake Tesla in EV sales by end of 2024
Analysts foresee China's BYD potentially surpassing Tesla in battery electric vehicle (BEV) sales by the close of 2024. This development …
Baltimore disaster: GM, Ford to reroute shipments
Major US automakers GM and Ford will reroute their affected shipments following the collapse of Baltimore’s Francis Scott Key bridge …
Targa Telematics launches new fleet management solutions
Targa Telematics, a provider of Internet of Things (IoT) and connected mobility solutions, has announced the launch of new fleet …
Fleet managers tackle misinformation surrounding EVs: AFP
The Association of Fleet Professionals (AFP) has highlighted a growing challenge for fleet managers as they combat misinformation surrounding electric …
Rising energy costs and labour rates pose challenges for global automotive industry: survey
New research commissioned by ABB Robotics and Automotive Manufacturing Solutions (AMS) reveals mounting challenges for the automotive industry, driven by …
Collapse of Baltimore bridge disrupts European carmakers’ US supply chain
The collapse of the Francis Scott Key Bridge in Baltimore has sent shockwaves through the US automotive industry, particularly impacting …
Lucid raises $1bn from Saudi Investment Fund
Lucid, a US-based luxury electric carmaker, has announced a significant milestone in its financial journey with the successful procurement of …
Shariah-compliant motor finance platform Ayan Capital launches in UK
Shariah-compliant car finance platform Ayan Capital has officially launched in the UK, catering to business, private hire vehicle (PHV), and public …
Alphabet on growth trajectory despite economic challenges
Amid a backdrop of economic turbulence in 2023 characterised by steep inflation and fluctuating market conditions, Alphabet has announced a …
ADIB partners with Tesla
Abu Dhabi Islamic Bank (ADIB), has announced the signing of an affiliate partnership agreement with Tesla. The new deal will …