Motor finance compensation scheme hanging by a thread amid legal row Banking The City watchdog has told lenders to prepare for the “alternative scenario of no scheme” in the long-running motor finance scandal as another legal showdown brews. The Financial Conduct Authority (FCA) has received four legal challenges including from lenders Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance. On the consumer side, the [...]
European carmakers slam on the brakes after Trump tariff shock Motoring Volkswagen reveals €4bn hit even before Washington threats to tear up the Turnberry Deal’s pledge on car import tax Shares in European carmakers were stuck in reverse on Monday, after the sector became the latest to be caught up in threats into the weekend from US President Donald Trump. The White House announced fresh plans [...]
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 [...]
Wolff casts doubt on Horner plans to invest in Formula 1 team Alpine March 30, 2026 Mercedes boss Toto Wolff has called into question plans for Christian Horner to invest in Formula 1 team Alpine. Horner, former team principal of Red Bull, is understood to be part of one of four bids in the race to buy a 24 per cent stake in French team Alpine. Horner has spoken to former [...]
Alpine boss confirms four potential buyers, including Mercedes, for F1 team March 13, 2026 Alpine team principal Flavio Briatore has confirmed that there are “three or four” serious buyers, including Mercedes, for a stake in the Formula 1 team. The team, which is owned by Renault Group, could see a significant minority stake controlled by Otro Capital offloaded. Christian Horner, former team principal of Red Bull Racing, has reportedly [...]
Carmakers to skirt a crash in £11bn motor finance redress February 18, 2026 UK carmakers are set to curb a hefty hit in the City regulator’s forthcoming redress scheme for the motor finance scandal. Captive lenders, in-house lenders of manufacturers, are to be granted some reprieve by the Financial Conduct Authority (FCA) after relentless lobbying that the scheme could hamper investment in the UK. The FCA was forced [...]
Former Goldman Sachs chief backs F1 to hold, and increase, value January 22, 2026 Formula 1 has not yet reached value maturity and can be considered one of the most reliable investments in sport, according to the former head of sports at Goldman Sachs. The premium motorsports series has gone through a major ownership shake-up, with stake sales across the grid seeing team valuations skyrocket. And Elis Jones, former [...]
Why Formula 1 is a rare global sports asset December 6, 2025 Formula 1 has become one of the most sought-after properties in global sport — and the reasons run far deeper than glamour and horsepower. In a fragmented media landscape, F1 is one of the few rights-holders that can credibly claim global scale, cultural momentum and commercial scarcity. Start with the basics: reach. F1 remains one [...]
Wolff Mercedes stake sale will have impact on value of Formula 1 November 12, 2025 The valuation placed on Formula 1 team Mercedes after co-owner Toto Wolff’s interest in reducing his stake will have a welcome impact on the overall worth of the sport, experts have suggested. Wolff co-owns the outfit – officially titled Mercedes AMG Petronas F1 Team – equally with the eponymous German car manufacturer and Ineos billionaire [...]
Time-capsule 1982 Mercedes-Benz 500SL uncovered October 24, 2025 What might be the most well-preserved Mercedes-Benz outside of a museum has been revealed. With only 42 miles on its odometer, and never registered for the road, this stunning Mercedes 500SL looks identical to when it left the factory in 1982. Finished in Blue Green Metallic, the time-warp R107-generation 500SL has been acquired by Mercedes-Benz [...]