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19.04.26 - 09:12
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Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts (The Guardian)
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Filings suggest manufacturers' lending arms have massively underestimated bill from FCA's £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator's £9.1bn redress scheme. Continue reading......
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17.04.26 - 14:54
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Average new UK electric car price is now lower than petrol vehicles (The Guardian)
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Autotrader says average EV cost is £785 cheaper, in an important milestone in the move away from fossil fuelsBusiness live – latest updatesThe price of new battery electric cars has fallen below petrol cars in the UK for the first time ever, according to the car sales website Autotrader, in a significant milestone in Britain's transition away from fossil fuels.The average price of a new electric car listed on the website was £42,620, compared with £43,405 for a new petrol model – making the former £785 cheaper based on advertised prices after discounts. Continue reading......
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