The Financial Conduct Authority is investigating discretionary commission arrangements on car loans issued between 2007 and 2021. Photograph: Dan Kitwood/Getty Images View image in fullscreen The Financial Conduct Authority is investigating discretionary commission arrangements on car loans issued between 2007 and 2021. Photograph: Dan Kitwood/Getty Images Explainer Could you be entitled to a payout after… Continue reading Could you be entitled to a payout after court ruling on car finance?
Author: The Guardian Online News
Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance
Lloyds bank’s Black Horse car finance division has already put aside £450m for potential compensation. Photograph: Andy Rain/EPA View image in fullscreen Lloyds bank’s Black Horse car finance division has already put aside £450m for potential compensation. Photograph: Andy Rain/EPA Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance Industry and Treasury hold… Continue reading Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance
Fleet of 30 luxury cars taken to Thailand returned to UK, police say
The cars recovered from Thailand by Navcis on display in Eastleigh. Photograph: Andrew Croft/Solent News & Photo Agency/Solent News View image in fullscreen The cars recovered from Thailand by Navcis on display in Eastleigh. Photograph: Andrew Croft/Solent News & Photo Agency/Solent News Fleet of 30 luxury cars taken to Thailand returned to UK, police say… Continue reading Fleet of 30 luxury cars taken to Thailand returned to UK, police say
Volkswagen hit by 60% fall in profits as sales in China slump
Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images View image in fullscreen Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images Volkswagen hit by 60% fall in profits as sales in China slump Drop comes as carmaker faces battle with unions over plan to shut three factories in Germany Volkswagen… Continue reading Volkswagen hit by 60% fall in profits as sales in China slump
BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD View image in fullscreen BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale Orders roll… Continue reading BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
Santander to cut more than 1,400 jobs in UK amid increasing automation
It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA View image in fullscreen It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA Santander to cut more than 1,400 jobs in UK amid increasing automation News… Continue reading Santander to cut more than 1,400 jobs in UK amid increasing automation
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA View image in fullscreen Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA Volkswagen to shut… Continue reading Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Consumers win UK car finance case that could lead to billions in compensation
The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to set interest rates on car loans, and earn higher commission as that number grew. Photograph: Joe Giddens/PA View image in fullscreen The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to… Continue reading Consumers win UK car finance case that could lead to billions in compensation
Tesla shares jump in third-quarter earnings even as expected revenue is lower
Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images View image in fullscreen Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images Tesla shares jump in third-quarter earnings even as expected… Continue reading Tesla shares jump in third-quarter earnings even as expected revenue is lower
UAW members support Harris over Trump by 22 points in swing states – poll
Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October 2024. Photograph: Jeff Kowalsky/AFP/Getty Images View image in fullscreen Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October… Continue reading UAW members support Harris over Trump by 22 points in swing states – poll