Deal News

UK’s Wayve secures $1bn for autonomous driving AI

Wayve, a UK-based autonomous driving company, has raised $1.05bn in a Series C funding round led by SoftBank Group.  The…

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.  …

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…

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…

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…

Inchcape seals £346m deal to sell UK dealership business to Group 1

Inchcape has signed a definitive agreement to offload its UK automotive retail operations (Inchcape UK) to Group 1 Automotive for…

Investors launch £100m zero-emission bus financing initiative

Rock Rail, the UK Infrastructure Bank, and insurer Aviva have collaborated to create a new funding platform aimed at financing…

US car dealer AutoNation reportedly in talks to acquire Inchcape UK   

American car dealer AutoNation is considering a bid for the UK operations of Inchcape, reported Sky News citing sources.   With…

Ayvens secures multi-billion-euro fleet deal with Stellantis 

Leasing and fleet management company Ayvens has entered into a multi-billion-euro agreement with Stellantis to purchase up to 500,000 vehicles.  …

Signal: Compre seals deal to buy European liability portfolios 

Compre Group, a legacy insurance specialist based in Bermuda, has expanded its portfolio by acquiring European casualty and motor liabilities…

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