News - Page 49
Automotive Management Live: Gain free access to best practice and strategic tips from over 30 industry peers
Attendees to this year’s AM Live will gain free access to strategic and operational tips from over 30 experts across the modern automotive retailing industry.
Absence of Chinese EV competition could mean higher prices, reduced demand
Despite positive overall results for new car registrations in the first half of 2024, there are worrying signs of slowing growth, according to JATO Dynamics first-half analysis of new passenger car registrations in 28 European countries
Government faces pressure to decide on Chinese EV tariffs amid 2030 ICE phase-out
The Labour government, which has committed to reinstating a 2030 deadline for phasing out new ICE car sales, is coming under pressure to decide whether to follow the EU and US in raising duties on Chinese EV imports.
Carwow secures new £41m to accelerate UK growth, scale European operations
The Carwow Group – which includes the Carwow online marketplace, Auto Express, evo, Driving Electric and Carbuyer – has raised £41 million in new funding to accelerate its growth across the UK, Germany and Spain.
CDK Global reportedly pays $25m cyber ransom which cost dealerships dear
US software house CDK Global is reported to have paid out a $25 million ransom to hackers following a devastating June 19 cyber attack which likely cost its US dealership clients $600 million in direct losses.