Car sharing platform Karshare has achieved its £1m funding target through its equity crowdfunding campaign.
Startline Motor Finance has secured a £375 million credit facility from J.P.Morgan in what is the third renewal and upsize of the facility between the two companies.
Online car retailer Cazoo has attracted a new group of investors in a new funding round which has taken its overall financial backing to a record £450 million.
Mervyn Stewart has launched a new Select Used Cars business after £2 million in new funding allowed the business to acquire and redevelop the site of its former Infiniti dealership in Belfast.
Car dealers and automotive businesses are being urged to apply for the Government-supported Coronavirus Business Interruption Loan Scheme (CBILS) before the window closes in September.
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
Changes to the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) will give larger car retail businesses access to a £200 million COVID-19 survival boost.
Smaller businesses could access new Government-backed 'Bounce Back' loans of up to £50,000 “within days”, according to Chancellor Rishi Sunak.
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
Ethos Asset Finance is responding to the rising demand for electric vehicles (EVs) with the launch of The Electric Broker.
Independent classic car sales specialist the Classic & Sportscar Centre is planning to build a 30,000 square foot purpose-built vehicle restoration centre after securing a seven-figure funding package from HSBC UK.
David Mercer, the MD of V12 Motor Finance, explains its new way of blending auction services, dealer funding and end-consumer finance for vehicles and repairs
Glasgow-based near-prime lender Startline Motor Finance has secured a new £325 million credit facility from multinational investment bank J.P.Morgan.
Cost controls and transparent performance updates are essential to retain lenders’ confidence in a struggling economy
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
Online car retail portal Tootle raised £2.5m of funding via an investment round led by Hambro Perks, bringing the total amount raised for the start-up to £4.3m.
Go Ultra Low has broadened the appeal of its EV promotions campaign with the announcement that 100 companies have joined its cause - demonstrating their commitment to run eco-friendly fleets.
Sandicliffe Motor Holdings has revealed that it is eyeing “growth opportunities across the East Midlands region” after securing an £11m funding facility from Lloyds Bank Commercial Banking.
A multi-million pound private investment fund has been created by a consortium of experienced automotive investors who want to help entrepreneurs establish their own franchised car dealerships.
