Auto lenders warn FCA scheme threatens sector profitability
Motor finance providers are intensifying efforts to curtail the Financial Conduct Authority’s proposed £11 billion compensation scheme, warning that its…
14 Nov 2025
Octopus EV secures £500m funding from lenders – report
UK-based Octopus Electric Vehicles (Octopus EV) has obtained a £500m ($657.8m) funding from a group of lenders, increasing its total credit facility to £2bn, reported Sky News. The EV leasing…
14 Nov 2025
Mackie Motors initiates legal action against Freeths LLP
Mackie Motors (Brechin) Limited and its principal director, Kevin Mackie, have commenced High Court proceedings against law firm Freeths LLP, alleging professional negligence and breach of contract in relation to…
14 Nov 2025
London to end full congestion charge exemption for EVs
Transport for London (TfL) has confirmed that from 2 January 2026, electric vehicles (EVs) will no longer be fully exempt from the Congestion Charge in central London. The change introduces…
13 Nov 2025
Octopus Electroverse and Monta team up on EV fleet charging management
EV charging network Octopus Electroverse has collaborated with Monta to improve the management of fleet and workplace charging for businesses in the UK and Europe. Through this agreement, Octopus Electroverse…
13 Nov 2025
Ayvens and Omoda/Jaecoo sign MoU to expand leasing offer in Europe
Ayvens, a global mobility provider, and Omoda/Jaecoo, a subsidiary of China’s Chery Group, have entered into a Memorandum of Understanding (MoU) to collaborate on vehicle leasing services across Europe. The…
12 Nov 2025
BYD’s media strategy underpins global reputation and market position
A new report from media firm CARMA has outlined how BYD’s communications strategy has contributed to its evolving global reputation, with implications for stakeholders in the motor finance and fleet…