Kartesia, a provider of financing solutions for small and mid-sized European companies, has provided €10m financing to GT Motive, a software provider for the European automotive insurance market. The company was born out of an alliance between the European company GT Motive and America’s Mitchell International. The new company formed from this alliance is seeking [...]

Toyota Motor Corp has conceded top spot as the world’s highest-selling automaker as it global sales for 2016 fell short of Volkswagen AG’s. Having held the title for the past four years, and despite an increase in sales on 2015, Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck [...]

Reuters reports that London cabs will hit Europe’s city streets next year. Chris Gubbey, chief executive of the London Taxi Company (LTC), owned by Chinese automaker Geely, told Reuters the business is aiming for a ten-fold increase in output to around 10,000 cabs and light commercial vehicles by the turn of the decade, and wants [...]

British Shell petrol stations are expected to be among the first in Europe to have electric car charging stations installed. Both Shell and Total are planning to offer electric charging at certain stations around Europe later this year, according to the Financial Times. Shell is targeting Britain and The Netherlands for first adoption, while Total [...]

Mitsubishi has been fined $4.2m by Japan’s consumer watchdog for false advertising of its vehicles sold in the domestic market, after the automaker last year admitted to overstating their mileage readings. The government-run, Consumer Affairs Agency said that product catalogues and websites for vehicles sold by the automaker carried misrepresentations of their fuel economies, in [...]