Carmakers

China ist nicht mehr nur ein Absatzmarkt, sondern eine Produktionsbasis und ein Sprungbrett, um weltweit mit chinesischen Automobilherstellern zu konkurrieren, sagt Mark Greeven von der IMD Business School.

Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator’s £9.1bn redress scheme. Continue reading...