AXA & Navya – insurance cooperation

The insurer AXA cooperates with the manufacturer of autonomous vehicles Navya. Navya is one of the leading manufacturers of autonomous e-shuttles, which are already in use worldwide. But unlike the competition you have no insurance partner. The competition, EasyMile, is about the alliance insured, Becomes AXA now insure the Navya vehicles? Navya shuttle bus First,… Continue reading AXA & Navya – insurance cooperation

Groupe Renault and Newfund are investing in the startup Akoustic Arts to accelerate the development of its on-board directional speakers

Groupe Renault and the fund Newfund announce their investment in the French startup Akoustic Arts, specialized in directional sound. This agreement paves the way for Renault and Akoustic Arts experts to collaborate on the integration of innovative directional speakers into Renault vehicles. This project is part of Groupe Renault’s strategy which aims to offer new… Continue reading Groupe Renault and Newfund are investing in the startup Akoustic Arts to accelerate the development of its on-board directional speakers

Dealers turn in strong profit performance in August

The average UK motor retailer made a profit of £200 in the month of August, a marked contrast to the traditional result for the month, which last year produced an average loss of just under £17,000. This was all produced by pre-WLTP deadline activity, with significant incentives being provided to move cars prior to the… Continue reading Dealers turn in strong profit performance in August

Risk of accident due to software problems: Toyota is recalling millions of hybrid cars

Toyota Even the “Prius” has to go to the workshop – again Japan’s largest carmaker Toyota has due to a software problem worldwide recall about 2.4 million hybrid cars, including his successful model Prius. As the company announced on Friday, a malfunction of the software in the control system could lead to an accident. In… Continue reading Risk of accident due to software problems: Toyota is recalling millions of hybrid cars

Opel has to re-park

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Consumer finance new business up by 10% in August

5 October 2018
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in August grew by 10% compared with the same month last year.
Credit card and personal loan new business together grew by 9% compared with August 2017, while retail store and online credit new business increased by 7%. Second charge mortgage new business fell 2% by value and grew 6% by volume over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said
“Growth in consumer finance new business in August reflected a strong retail sales performance over the same period. In particular, the value of retail sales made by household goods stores grew at its strongest monthly rate for more than a decade.”
Table 1: New consumer credit lending
Aug 2018
% change on prev. year
3 months to Aug 2018
% change on prev. year
12 months to Aug 2018
% change on prev. year
Total FLA consumer finance (£m)
8,172
+10
25,515
+9
102,751
+8
Data extracts:
Retail store and online credit (£m)
708
+7
2,175
+5
9,375
+9
Credit cards & personal loans (£m)
4,423
+9
13,274
+10
51,469
+9
Second charge mortgages (£m)
92
-2
282
-1
1,022
+2
Car finance (£m)
2,517
+14
8,607
+12
36,772
+8
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

The game of alliances is set up in the autonomous car

Who will win the race for the autonomous car? The car manufacturers multiply in any case the alliances, to give themselves the best chance of one day reaching the finish line. Thursday, Toyota unveiled the creation of a joint venture with SoftBank to develop his “e-pallet”, a sort of wagon capable of making deliveries without… Continue reading The game of alliances is set up in the autonomous car

Bosch supplies Byton

Chinese startup Byton has teamed up with Bosch to build its vehicles. The startup company Byton out China was one of the eye-catchers on the past CES 2018 in Las Vegas. There one imagined his vehicle, above all Tesla To make competition. For the production of the Byton models one has now a cooperation with… Continue reading Bosch supplies Byton