Author: The Guardian Online News

Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – business live

04.25 EDT Tesla’s UK sales more than halve in July Just in: Sales of Teslas in the UK more than halved, year-on-year, in the UK last month as the electric carmaker’s struggles continue. Industry body data just released shows that just 987 new Teslas were registered in the UK in July, almost 60% less than the… Continue reading Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – business live

Trump attacks ‘seriously woke’ Jaguar Land Rover as company names new CEO

A Jaguar Type 00 concept car at the Goodwood festival of speed earlier this year. Photograph: John Keeble/Getty Images View image in fullscreen A Jaguar Type 00 concept car at the Goodwood festival of speed earlier this year. Photograph: John Keeble/Getty Images Trump attacks ‘seriously woke’ Jaguar Land Rover as company names new CEO US… Continue reading Trump attacks ‘seriously woke’ Jaguar Land Rover as company names new CEO

Car finance scandal: shares in UK lenders jump after supreme court ruling

The FCA unveiled a much smaller compensation scheme than anticipated, likely to cost lenders between £9bn and £18bn in total, well below the £44bn predicted. Photograph: Justin Kase z12z/Alamy View image in fullscreen The FCA unveiled a much smaller compensation scheme than anticipated, likely to cost lenders between £9bn and £18bn in total, well below… Continue reading Car finance scandal: shares in UK lenders jump after supreme court ruling

Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’

Rachel Reeves urged supreme court judges to avoid handing ‘windfall’ compensation to borrowers. Photograph: Yui Mok/PA View image in fullscreen Rachel Reeves urged supreme court judges to avoid handing ‘windfall’ compensation to borrowers. Photograph: Yui Mok/PA Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’ Defending industry over consumers sends ‘really bad message’, says… Continue reading Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’

Jury orders Tesla to pay more than $200m to plaintiffs in deadly 2019 Autopilot crash

A Tesla dealership in Austin, Texas, last week. Photograph: Brandon Bell/Getty Images View image in fullscreen A Tesla dealership in Austin, Texas, last week. Photograph: Brandon Bell/Getty Images Jury orders Tesla to pay more than $200m to plaintiffs in deadly 2019 Autopilot crash Case opens door to other costly lawsuits after jury held that the… Continue reading Jury orders Tesla to pay more than $200m to plaintiffs in deadly 2019 Autopilot crash

Car loan scandal: what the supreme court ruling means for UK motorists

The appeal court ruling of October 2024 shocked lenders, ruling they could be liable for up to £44bn in compensation. Photograph: Paul Dennis/TGS Photo/Rex/Shutterstock View image in fullscreen The appeal court ruling of October 2024 shocked lenders, ruling they could be liable for up to £44bn in compensation. Photograph: Paul Dennis/TGS Photo/Rex/Shutterstock Explainer Car loan… Continue reading Car loan scandal: what the supreme court ruling means for UK motorists

Blow for consumers as supreme court hands partial win to car finance firms over loans

The door is still open to a more limited compensation scheme being considered by the FCA Photograph: Peter Cade/Getty Images View image in fullscreen The door is still open to a more limited compensation scheme being considered by the FCA Photograph: Peter Cade/Getty Images Blow for consumers as supreme court hands partial win to car… Continue reading Blow for consumers as supreme court hands partial win to car finance firms over loans

Mercedes-Benz and Porsche flag €800m in combined costs from Trump tariffs – business live

03.01 EDT Mercedes-Benz, Porsche and Aston Martin count steep cost of US tariffs Good morning, and welcome to our live coverage of business, economics and financial markets. Car companies around the world are laying out the cost of Donald Trump’s trade war, with Mercedes-Benz saying tariffs will cost it €362m (£313m) while German sportscar maker Porsche… Continue reading Mercedes-Benz and Porsche flag €800m in combined costs from Trump tariffs – business live

Musk hails $16.5bn Samsung deal to supply Tesla with AI chips

A Tesla robotaxi in Austin, Texas. Samsung’s Taylor plant, where the artificial intelligence chip will be made, is near to the Texan state capital. Photograph: Joel Angel Juarez/Reuters View image in fullscreen A Tesla robotaxi in Austin, Texas. Samsung’s Taylor plant, where the artificial intelligence chip will be made, is near to the Texan state… Continue reading Musk hails $16.5bn Samsung deal to supply Tesla with AI chips