Business

97 manchester cazoo exterior 0
Cazoo will reposition itself as a rival to Autotrader
Corporate

“Doomed to fail”: How Cazoo burned £1.4 billion on a lost cause

Start-up is abandoning its home-delivery service to set up a classifieds website

13 March 2024
“Doomed to fail”: How Cazoo burned £1.4 billion on a lost cause
2024 porsche macan ev front lead
Macan EV is one of four new Porsche models launching in 2024
Finance and corporate

Porsche predicts profit dip in 2024 after three record years

Heavy investment in new model lines and weak performance in China dampen outlook for this year

12 March 2024
Porsche predicts profit dip in 2024 after three record years
ola kallenius with mercedes concept cla 2023 (2)
Car sales

Mercedes: cut Chinese EV tariffs to inspire better European cars

CEO Ola Källenius hits out against protectionism, claiming that an open market will spur European firms to improve

12 March 2024
Mercedes: cut Chinese EV tariffs to inspire better European cars
used cars 0 0
Electric vehicles

Dealers told to prepare for used ICE car supply to drop 69% by 2028

Forecast predicts fights over the most sought-after ICE models and higher demand for hybrids as EV sales swell

11 March 2024
Dealers told to prepare for used ICE car supply to drop 69% by 2028
jaguar land rover dealer
JLR announced last week it had cancelled plans to axe wholesale model
Car sales

Agency model under scrutiny after JLR’s U-turn

Selling direct to customers and offering dealers a flat fee no longer looks an easy win for car firms

11 March 2024
Agency model under scrutiny after JLR’s U-turn
Saietta
Tech, development and manufacturing

British electric motor maker Saietta goes into administration

The Silverstone-based EV supplier put itself up for sale in February, but no offer with enough capital was received

8 March 2024
British electric motor maker Saietta goes into administration
Mobilize V2G Renault 5 electrique 1686577241
Renault's bi-directional charging is claimed to make home charging a lot cheaper
Tech, development and manufacturing

Renault promises half-price home electricity with new tech

Bi-directional charging will become available to the masses for the first time with the new Renault 5 EV

7 March 2024
Renault promises half-price home electricity with new tech
ModelY 93
The Tesla Model Y was the best selling car globally last year – the first time an EV has topped that chart
Car sales

Key stories from global car market after 2023's return to form

JATO data outlines key trends from last year as degree of normality returned following three years of gloom

6 March 2024
Key stories from global car market after 2023's return to form
Crewe Audi dealer forecourt
The Audi A3 was February's fifth-best seller, with 1835 deliveries
Car sales

UK records strongest February for new car sales in 20 years

Electric and plug-in-hybrid growth outpaced petrols, hybrids and diesels as fleets propped up the market

5 March 2024
UK records strongest February for new car sales in 20 years
Electric cars
Electric vehicles

Companies seek cure for profit-wrecking EV values

Car makers are torn between boosting demand by slashing prices or holding firm to keep residuals high

4 March 2024
Companies seek cure for profit-wrecking EV values

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