Category: Car
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JLR Invests £1M to Aid Police in Combating Car Thefts
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Jaguar Land Rover (JLR) has announced a £1 million investment to help UK police combat vehicle theft. This funding will strengthen police operations at theft sites and support intelligence gathering efforts. The initiative comes after Adrian Mardell, CEO of Jaguar Land Rover, strongly denied claims that Range Rovers are particularly…
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M-Pesa relief as big car owners hit in Sh347bn new taxes
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The Treasury has removed the Sh100,000 cap on the proposed car tax as it seeks to raise an additional Sh346.7 billion from the new tax measures in the next financial year, even as mobile money users avoid higher toll charges on motor vehicles. the cars. Transactions. In his budget speech…
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Used car darling Cazoo on brink of insolvency
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Cazoo, the used car company founded by Alex Chesterman, is facing the possibility of administration as it struggles to secure emergency funding to address its significant losses. The company has applied for protection from its creditors, and is seeking ten days of protection from creditor claims while it explores options…
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Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
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Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…