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car emissions

  • Mercedes Benz joins legal battle over £9bn motor finance scheme

    Regulation

    Mercedes Benz is confirmed to be among the four legal challenges lodged against the UK financial watchdog’s motor finance redress scheme. The financial services arm of the German car giant is set to challenge the scheme that puts the car finance industry on the hook for £9.1bn in compensation. The carmarker has thus far set [...]

    Mercedes (Photo by Thomas Niedermueller/Getty Images)
  • Close Brothers shares soar as bank ‘well positioned’ for £320m motor finance hit

    Banking

    Close Brothers has insisted it is “well positioned” to absorb the financial hit from the City watchdog’s motor finance redress scheme but added to speculation another legal battle could be on the horizon. The FTSE 250 lender told markets on Wednesday morning that it estimates the cost of the Financial Conduct Authority’s (FCA) redress scheme [...]

    Close Brothers has upped its motor finance provisions.
  • Aston Martin to axe hundreds of jobs as profit plummets

    Transport & Infrastructure

    Aston Martin is poised to cull its workforce by around a fifth after the firm’s bottom line took a beating from President Donald Trump’s erratic tariff agenda. The British manufacturer said on Wednesday it had recognised a provision of £18.7m in relation to expected restructuring costs as it consults on chopping 20 per cent of [...]

    Aston Martin headquarters with company logo, highlighting job cuts and financial struggles amid tariff impacts
  • High Court showdown: Mercedes, Ford and Renault stand accused in Dieselgate trial

    October 13, 2025

    Car manufacturing giants, including Mercedes, Ford and Renault, are set to face a lengthy trial at the High Court over allegations they cheated emissions tests. Knicknamed Dieselgate, the largest group claim ever brought in the UK, is set to kick off at the court on Monday morning for a 10-week trial in front of Lady [...]

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