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VW-backed car hire giant plunges to £43m loss as tax hikes bite

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VW-backed car hire giant plunges to £43m loss as tax hikes bite
One of the UK’s biggest car hire businesses has taken aim at government tax hikes after it plunged to a £43.2m loss. Europcar UK, which is backed by German carmaker VW, recorded a profit of £7m in 2024 but its fortunes went into reverse gear a year later amid rising costs and weak demand. Europcar [...]
25 Sept, 16:08
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