Tag: moneymarkets
Can Tesla shares recover after 'toxic' Musk controversy and Trump tariff chaos?
Shares in the group have plunged by a third this year as orders for its electric vehicles have plummeted across many major markets. Is there any way back?
Car loans scandal ruling 'goes too far': FCA raises alarm as industry faces £44bn bill
Lawyers for the FCA intervened in a crucial Supreme Court hearing on the commission payment row that has been dubbed PPI on wheels
Aston Martin flogs Formula One team stake amid Yew Tree cash injection
Aston Martin will sell its Formula One team stake to help raise cash as Lawrence Stroll's Yew Tree consortium prepares to hand the luxury carmaker another liquidity injection.
BYD overtakes Tesla as sales top $100bn: Record revenue for Chinese car maker while Elon Musk's firm is hit by slump in Europe
BYD, which has been dubbed 'the Tesla killer' and is expanding in Europe after dominating its home market, saw revenue jump 29% last year.
Tesla investor tells Musk to go amid fears his closeness to Donald Trump is harming the business
With shares down 50% in three months, Ross Gerber said electric car maker's reputation has been 'destroyed' by its 'divisive' boss (pictured).
EV slowdown slams the brakes on Porsche profits as it faces growing competition from China
Porsche - where tennis star Emma Raducanu (pictured) is a global ambassador - said its profit margin this year would be between 10 and 12%.
Car crash for Musk as value of Tesla halves: Shares tumble 50% in three months as recession fears rock global markets
As global markets tumbled on fears that Donald Trump's trade wars will fuel inflation and tip the US into recession, shares in Tesla fell 14%.
Lloyds faces 'conservative' £4.2bn motor finance compensation payout, says investment bank
Keefe, Bruyette & Woods (KBW), which is owned by Stifel, has raised estimates on the liabilities facing numerous lenders following the Court of Appeal's recent Hopcraft judgement.
Aston Martin raises £211m from investors after profit warning
Aston Martin Lagonda has raised £211million in new financing to help bolster its liquidity and fund future growth after issuing a profit warning on Tuesday.
Motor finance complaints deadline set to be extended after bombshell Court of Appeal ruling
Motor finance firms could be handed more time to respond to customer complaints over non-discretionary commission arrangements after a landmark court ruling.
Santander sets aside £295m for potential motor finance compensation
Santander reported pre-tax profits of £143m for the three months to the end of September, down nearly 75% on the £558m notched up a year earlier.
Close Brothers faces key meeting over car finance scandal
The Court of Appeal ruled that commissions paid between banks and brokers on car deals may be unlawful because they were not clearly flagged to the customer.
Motor finance firms set for extra time to handle commission complaints
The Financial Conduct Authority is proposing to consult on giving motor finance companies more time to deal with consumer complaints regarding deals involving non-discretionary commissions.
Ford UK workers start week of industrial action over pay
Administrative staff working for Ford in the UK on Monday kicked off a week of 'targeted industrial action' as a long-running row over pay and contract changes rumbles on.
Lloyds weighs options after shock motor finance court ruling
In a judgement on Friday, the Court of Appeal found in favour of three claimants - Johnson, Wrench, and Hopcraft - in a dispute over motor finance commissions.