Carmakers brace for big payouts over loans scandal after FCA consultation
NegativeFinancial Markets

Carmakers are facing significant financial repercussions due to a proposed compensation plan by the Financial Conduct Authority, which suggests that manufacturers' finance arms should cover nearly half of an £11 billion bill for victims of the motor finance scandal. This situation highlights the ongoing challenges within the automotive industry and raises concerns about the financial stability of these companies as they navigate the fallout from this scandal.
— Curated by the World Pulse Now AI Editorial System