The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to set interest rates on car loans, and earn higher commission as that number grew. Photograph: Joe Giddens/PA View image in fullscreen The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to… Continue reading Consumers win UK car finance case that could lead to billions in compensation
Author: The Guardian Online News
Tesla shares jump in third-quarter earnings even as expected revenue is lower
Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images View image in fullscreen Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images Tesla shares jump in third-quarter earnings even as expected… Continue reading Tesla shares jump in third-quarter earnings even as expected revenue is lower
UAW members support Harris over Trump by 22 points in swing states – poll
Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October 2024. Photograph: Jeff Kowalsky/AFP/Getty Images View image in fullscreen Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October… Continue reading UAW members support Harris over Trump by 22 points in swing states – poll
VW fined £5.4m for mistreating vulnerable UK car finance customers
VWFS, which provides finance across Volkswagen Group, made profits of £276m in 2023. Photograph: Rick Rycroft/AP View image in fullscreen VWFS, which provides finance across Volkswagen Group, made profits of £276m in 2023. Photograph: Rick Rycroft/AP VW fined £5.4m for mistreating vulnerable UK car finance customers Company must also pay £21.5m to 110,000 victims after… Continue reading VW fined £5.4m for mistreating vulnerable UK car finance customers
Is China cannibalising the EU car industry?
A Leapmotor T03 electric city car at the Paris motor show. The Chinese carmaker, which partners with Stellantis, is to start taking orders for the car, assembled in Poland. Photograph: Yoan Valat/EPA View image in fullscreen A Leapmotor T03 electric city car at the Paris motor show. The Chinese carmaker, which partners with Stellantis, is… Continue reading Is China cannibalising the EU car industry?
BMW chief says EU combustion engine ban will shrink car industry
The BMW Vision Neue Klasse X concept car at the Paris motor show. Photograph: Benoît Tessier/Reuters View image in fullscreen The BMW Vision Neue Klasse X concept car at the Paris motor show. Photograph: Benoît Tessier/Reuters BMW chief says EU combustion engine ban will shrink car industry Oliver Zipse tells Paris motor show 2035 cutoff… Continue reading BMW chief says EU combustion engine ban will shrink car industry
Vauxhall owner to make decision on future of UK plants ‘in next few weeks’
A Vauxhall electric van drives off the end of Ellesmere Port’s production line. Photograph: Stellantis/Getty Images View image in fullscreen A Vauxhall electric van drives off the end of Ellesmere Port’s production line. Photograph: Stellantis/Getty Images Vauxhall owner to make decision on future of UK plants ‘in next few weeks’ Stellantis chief says company is… Continue reading Vauxhall owner to make decision on future of UK plants ‘in next few weeks’
The Guardian view on Europe’s struggling EV industry: driving in the slow lane | Editorial
‘Executives at Volkswagen, a symbol of Germany’s industrial prowess, have declared an intention to close domestic factories for the first time in the company’s history.’ Photograph: Martin Divíšek/EPA View image in fullscreen ‘Executives at Volkswagen, a symbol of Germany’s industrial prowess, have declared an intention to close domestic factories for the first time in the… Continue reading The Guardian view on Europe’s struggling EV industry: driving in the slow lane | Editorial
Monster pickup trucks accelerate into Europe as sales rise despite safety fears
A Dodge Ram 1500 on a street in Washington DC. Imports into Europe in 2023 were up 20% from the year before. Photograph: Ieronymos/Alamy View image in fullscreen A Dodge Ram 1500 on a street in Washington DC. Imports into Europe in 2023 were up 20% from the year before. Photograph: Ieronymos/Alamy Monster pickup trucks… Continue reading Monster pickup trucks accelerate into Europe as sales rise despite safety fears
Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’
Tesla’s robotaxi displayed at an unveiling event in Los Angeles, California. Photograph: Tesla/Reuters View image in fullscreen Tesla’s robotaxi displayed at an unveiling event in Los Angeles, California. Photograph: Tesla/Reuters Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’ Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk Elon… Continue reading Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’