Tesla has announced a bond sales which will attempt to raise £1.15 billion needed to fund the “rapid scaling” required to ramp-up production of its Model 3 EFV saloon.
Carwow has raised $39 million (£29.7m) through a round of financing which will be used to further accelerate growth in the UK and internationally.
The National Franchised Dealers Association (NFDA) has written to HM Treasury and the Department for Business to highlight the ‘serious impact’ of debit card charges on dealers.
The SMMT has revealed that UK automotive manufacturers turned over a record-breaking £77.5b in 2016.
NextGear Capital has funded more than £1 billion worth of vehicles since its launch in 2014.
Fleet leasing and funding firm Zenith has been sold by HG Capital to private equity firm Bridgepoint for £750 million.
Perrys Group has secured a £40 million refinancing from Lloyds Bank Commercial Banking.
Business Enterprise Fund cash is allowing Reynolds Ford of Selby to boost its stocking policy and completely re-design and develop its website.
Stock funding provider Next Gear Capital has said dealers’ used car buyers are becoming increasingly “discerning” stock condition.
UHY Hacker Young's automotive team has expanded with the appointment of Richard Higham as its corporate finance director.
Actor George Cole's death came as sad news, but the automotive industry may hope Arthur Daley can now be laid to rest, says Willem van Lynden of Boost Capital
