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Volkswagen takes £725m hit from motor finance scandal
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Volkswagen takes £725m hit from motor finance scandal
The finance arm of Volkswagen has taken a mammoth hit from the motor finance scandal plunging it to a loss for the year. Volkswagen Financial Services UK (VWFS) set aside £725m for expected expenses under the City watchdog’s industry-wide car finance redress scheme, according to new account filings. The provision swung the firm to a [...]
7 Oct, 07:09
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