car

China EV manufacturers Zeekr, Neta inflated automobile gross sales utilizing insurance coverage scheme

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[ad_1] Neta inflated gross sales of over 60,000 vehicles between Jan 2023-March 2024-documents Scheme enabled firms to e-book gross sales early to satisfy aggressive targets China’s auto trade has been roiled by cutthroat competitors, prompting regulatory concern July 19 – Chinese language electrical car manufacturers Neta and Zeekr inflated gross sales in recent times to … Read more

Reeves Mulls Rescuing Banks Behind Automotive Mortgage Saga, Guardian Says

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[ad_1] (Bloomberg) — The UK’s Chancellor of the Exchequer Rachel Reeves is contemplating a legislative measure that might doubtlessly scale back the quantity of compensation lenders must pay for controversial practices at their car-loan companies, the Guardian reported, citing folks it didn’t identify. A few of Britain’s lenders, together with Shut Brothers Group Plc and … Read more