Category: Car
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New car deliveries in Israel hit five year low
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The Israeli car market continues to show weakness. The Ministry of License data indicates that in February 2025, only 24,611 of a new vehicle was delivered, a decrease of 5.9 % from February 2024, when the war was raging. This is the lowest number of February since 2020. Since the…
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Lloyds profits shrink by a fifth as car finance saga drives up provisions
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The Lloyds Banking Group collection recorded a 20 percent decrease in annual profits before taxes for 2024, the loss of the city’s expectations amid high costs and one -time fee linked to the continuous kinetic finance committee scandal. FTSE 100 lending a profit of 5.97 billion pounds in the past…
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Close Brothers sets aside £165m amid car loan commission scandal
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Close Brothers announced that it will allocate up to 165 million pounds in its accounts in the first half to cover the potential costs of the law and compensation related to the scandals of the growing car financing committee. The FTSE 250 Looring revealed the ruling on an unprecedented update,…
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Judge tells Quebec car dealership to rehire man fired over sexual-assault conviction
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Bread path links PMN PMN Business PMN Autos The author of the article: Canadian press Morgan Lori Posted 06 February 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Montreal-The Quebec Labor Court ordered…
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Judge tells Quebec car dealership to rehire man fired over sexual-assault conviction
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Bread path links PMN PMN Business PMN Autos The author of the article: Canadian press Morgan Lori Posted 06 February 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Montreal-The Quebec Labor Court ordered…
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Judge tells Quebec car dealership to rehire man fired over sexual-assault conviction
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Bread path links PMN PMN Business PMN Autos The author of the article: Canadian press Morgan Lori Posted 06 February 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Montreal-The Quebec Labor Court ordered…
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Car cybersecurity co GuardKnox seeks court protection
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Israeli cyber security company for electric cars Guardknox Drill in debt and cash flow crisis and earlier this week submitted an urgent request with the court to establish procedures and temporary relief. According to ADVS. Dr. Shlomo Nass, Inbal Rahamim-action and ITAY MICHAELI of FIRON LAW FIRM, it seems that…
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Car cybersecurity co GuardKnox seeks court protection
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Israeli cyber security company for electric cars Guardknox Drill in debt and cash flow crisis and earlier this week submitted an urgent request with the court to establish procedures and temporary relief. According to ADVS. Dr. Shlomo Nass, Inbal Rahamim-action and ITAY MICHAELI of FIRON LAW FIRM, it seems that…
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Treasury intervenes in car finance row as billions in compensation hang in the balance
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The Treasury is seeking to intervene in a major High Court case that could drag Britain’s car finance industry into a costly mis-selling crisis on a par with the notorious PPI scandal. Ministers want the court to consider the wider impact on investor confidence in the UK regulatory system and,…
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Heihe Cold-Area Car Testing Index Released: Anchoring Global Innovation Hubs, Showcasing the Thriving Power of the Industry
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Article content Heihe, China, Jan. 12, 2025 (GLOBE NEWSWIRE) — On January 8, the China Cold Area Automotive Testing Index (Heihe), China’s first cold-area automotive testing index, was officially unveiled in Heihe, Heilongjiang Province. It digitally displays the strong trend and broad prospects of Heihe’s automotive testing industry, arousing heated…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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Foresight teams with Softbank and Japanese car maker
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Foresight Autonomous Holdings’ stock price rose nearly 36% on Friday. Trading volume in Foresight Autonomous Holdings (TASE: FRSX, Nasdaq: FRSX) shares was well above average in the last two sessions of last week. On Thursday, the stock opened sharply higher, but ultimately closed unchanged. On Friday, it rose 35.9%, giving…
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UK car production slumps to lowest November level since 1980
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UK car production fell sharply in November, falling by around a third compared to the same month last year and reaching its lowest November production since 1980. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), just 64,216 cars rolled off production lines – 27,711 fewer…
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Car finance complaints widened to cover leasing deals, giving lenders more time to respond
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Lenders in the auto finance market have been given extra time to address a looming increase in complaints, as the city regulator moves to expand the scope of claims to include leasing agreements. The Financial Conduct Authority (FCA) has set a new deadline of 4 December 2025 for lenders to…
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How Is ACKO Drive Making Car Shopping Smarter and Simpler?
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Buying a car can sometimes be stressful, complicated and time-consuming. From comparing models to negotiations with dealers and paperwork, most car shoppers feel like they need to catch up. However, this online platform, ACKO Drive, is changing the way people shop for cars, making the process smarter, simpler and fun.…
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Motorama Custom Car & Motorsports Expo Announces eBay Motors as Returning Primary Sponsor
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Article content The show will take place on March 7, 8 and 9, 2025 at the Toronto International Centre Article content TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) — The Toronto Motorama is pleased to announce that eBay Motors will retain its position as the title sponsor of Canada’s largest automotive…
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Car finance crisis set to cost billions and dent investor confidence, warns Lloyds boss
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A worsening car finance crisis could deal a major blow to Britain’s economic prospects, according to the head of the country’s largest retail bank. Charlie Nunn, chief executive of Lloyds Bank, warned that uncertainty caused by the latest court rulings was undermining investor confidence and risking a multi-billion-pound claims storm…