Why this British tech company is succeeding where Cazoo failed Tech Tom Leathes, co-founder and chief executive of Motorway, puts his company’s success down to a fundamentally different business model.
Cazoo racked up debts of over £260m as it collapsed into administration Business Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Motorpoint to limit staff salary rises as bonuses for top bosses slashed Retail Motorpoint has slashed the bonuses of its top executives after suffering “the most difficult year” in its history.
Motorpoint has the ‘most difficult year in its history’ amid shortage of used cars June 13, 2024 One of the largest used car supermarkets in the UK, Motorpoint, had "the most difficult year" in its history as people buy fewer cars for cheaper, compounded by an industry-wide shortage of pre-owned vehicles.
Caffyns: Car dealer hit by plummeting value of second-hand vehicles June 7, 2024 Car dealers Caffyns has seen its pre-tax profit slashed after the value of second-hand vehicles fell significantly.
Cazoo: Was online car retailer always doomed to fail? May 23, 2024 Could the downfall of Cazoo from being valued at more than £5bn to its collapse into administration have been avoided or was it always doomed to fail?
Enterprise Rent-A-Car creates almost 1,000 UK jobs as sales near £2bn April 8, 2024 Almost 1,000 jobs were created by the UK arm of Enterprise Rent-A-Car as its turnover surged towards £2bn during its latest financial year.
Hyundai Tucson review: Hybrid stands out from the SUV crowd April 4, 2024 John Redfern drives the Hyundai Tucson Hybrid, an affordable SUV that majors on space and style – read the full review here
New tariffs for UK exports to Canada after failure to secure post-Brexit deal exemption March 28, 2024 New tariffs are set to hit British firms exporting to Canada from Easter Monday, after talks on extending the trade exemption failed.
New car market has strongest February in 20 years as firms invest in fresh wheels March 5, 2024 The UK's new car market has recorded its best February in two decades, according to the latest date from the SMMT.