Car

AIX-EN-PROVENCE, France (Reuters) - China's investigation into dumping in Europe's cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said…

The UK car market has reached a significant milestone, with new car registrations exceeding one million in the first half of 2024, the first time this has happened since pre-pandemic 2019. This renaissance includes a significant…

A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the…

(Reuters) - CarMax reported a 33% drop in first-quarter profit on Friday, as lower profit margins on cars sold continued to weigh on the used car industry. Used car retailers have had a bumpy ride with profitability deteriorating over the…

Auto retailers across the United States will likely be out of service for several days following the second major cyberattack on CDK Global, the software provider that thousands of dealers rely on to run their stores. “At this time, we…

Jaguar Land Rover (JLR) has announced a £1 million investment to help UK police combat vehicle theft. This funding will strengthen police operations at theft sites and support intelligence gathering efforts.The initiative comes after…

The Treasury has removed the Sh100,000 cap on the proposed car tax as it seeks to raise an additional Sh346.7 billion from the new tax measures in the next financial year, even as mobile money users avoid higher toll charges on motor…

Cazoo, the used car company founded by Alex Chesterman, is facing the possibility of administration as it struggles to secure emergency funding to address its significant losses.The company has applied for protection from its creditors,…

Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars.Although overall UK vehicle…

Written by Andrei Sychev and Nick CareyBERLIN (Reuters) - BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices…