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Motability takes £565 million blow as costs soar

Autocar

Motability Operations, the company behind the Motability charity, buys cars and leases them to people with a qualifying disability allowance for 75.75 million pre-tax loss for 2024, a huge drop from the 748m profits it recorded in 2023. billion in 2023 to 6.9bn last year. Currently, this is set at 750.

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Rivian R1S Now Available For Lease, But It’ll Cost You

Carscoops

Rivian is delivering some good news to consumers who prefer leasing over buying. The company announced today that customers can now lease its flagship SUV, the R1S. This news comes on the heels of the start of leasing for the R1T pickup truck late last year. Even with the tax credit, leasing an R1S comes at a high cost.

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