Volkswagen takes £725m hit from motor finance scandal Banking 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 [...]
Volkswagen Golf R: RIP to the ultimate hot hatch? Life&Style A decade ago, when its Mk7 predecessor roamed the roads, the Volkswagen Golf R faced a plethora of hot hatchback rivals. These included the Ford Focus ST and RS, Honda Civic Type R, Peugeot 308 GTI, Hyundai i30 N and Renaultsport Megane. All have since been quietly euthanised and not replaced. The venerable Audi RS3 [...]
Volkswagen Golf R 2026 long-term review: First report Life&Style The Volkswagen Golf R ticks a lot of boxes on paper, but what is this 333hp hot hatchback like to live with? Tim Pitt finds out. If you could only own one car, what would it be? My initial impulse says a Ferrari F40 – the poster I had blu-tacked to my bedroom wall. However, [...]
Volkswagen Passat Estate review: Second place in the space race January 21, 2026 Volkswagen has celebrated several big birthdays in recent years, with both the Polo supermini and Golf hatchback marking their 50th anniversaries. Yet the Passat, first launched in 1973, seemingly did not merit a special commemorative edition when it turned 50. Volkswagen has launched a new version of the Passat, though, now only available in estate [...]
Bentley profit falls on weak China demand March 19, 2025 Bentley Motors has reported a drop in profit and revenue as its boss flagged weaker demand in China. The luxury carmaker, which is owned by Volkswagen, posted an annual operating profit of €373m (£314m) and revenue of €2.6bn (2.2bn). While the profit haul marked the sixth highest in Bentley’s history, it was down more than [...]
Why Porsche can’t rely on the iconic 911 any longer March 13, 2024 Porsche is at the starting line of a major transition year with the launch of a range of new models. Here's why it can't rely on the iconic 911 any longer.
Volkswagen ‘not satsified’ with profits as hedging losses bite October 26, 2023 Arno Antlitz, Volkswagen's chief financial officer, said the company was on a "robust course and had again increased sales volumes and revenues in the third quarter".