VW unit fined by U.K. watchdog for unfairly treating customers

A VW sign is pictured — (BLOOMBERG/Bloomberg)

R

By:

Reuters

October 22, 2024 09:09 AM

Volkswagen Group's U.K. financial services unit has been fined 5.4 million pounds ($7 million) by a British regulator for unfairly treating financially stretched customers between 2017 and 2023.

Featured Stories

Senate must decide whether to defy norms and target California waiver

After the House passed three resolutions targeting California's emissions regulations, the Senate has to decide if it will ignore precedent to move forward.

Senate must decide whether to defy norms and target California waiver

Canadian auto parts not subject to Trump’s tariffs, but there’s a catch

Canadian auto parts not subject to Trump’s tariffs, but there’s a catch

Magna International Q1 adjusted earnings, revenue slip as it prepares for U.S. tariff impacts

Magna International Q1 adjusted earnings, revenue slip as it prepares for U.S. tariff impacts

Most sales jump double digits in April as consumers grab deals ahead of expected tariffs

Larry P. Vellequette

Most sales jump double digits in April as consumers grab deals ahead of expected tariffs

Latest News

Magna International Q1 adjusted earnings, revenue slip as it prepares for U.S. tariff impacts

BMW 3 Series has drawn plenty of intenders, contenders and pretenders

Evolution of the Ultimate Driving Machine: BMW’s 3 Series turns 50

Senate must decide whether to defy norms and target California waiver

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Dacia Sandero edges Peugeot 208 for March sales title in Europe

VW could launch extended-range EVs in Europe, executives say

Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai

U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says

Staying current is easy with newsletters delivered straight to your inbox.