Carmakers Scramble to Plug £3bn Loan Scandal Gap

The automotive industry is facing a severe financial reckoning as major manufacturers realize they have drastically underestimated the cost of compensating drivers mis-sold car finance agreements. With the UK’s Financial Conduct Authority (FCA) set to roll out its multi-billion-pound redress scheme this summer, company filings from industry giants—including Ford, BMW, Stellantis, and Volkswagen—have exposed a…

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