The Supreme Court has ruled on car finance claims follow last years shock appeal decision that could have meant that lenders were liable for billions in compensation for mis-selling car finance schemes.
The court has ruled that dealers do not have to work solely for the benefit of customers, which covers most claims, however if the commission rate is excessive then there is a possibility of a claim.
What wasn’t covered in this is claims where the dealer and lender could increase the interest on their PCP or HP deal without telling the customer. Anyone who signed up to this is still able to claim. To read all about this complicated matter, click this link here from MoneySavingExpert.
Just over a week after the interim CEO was announced, Renault Group have found their new permanent CEO, Francois Provost. He has been at the company for 23 years, with his latest position being head of procurement, partnerships and public affairs. Click this Autocar article link to learn more.
Adrian Mardell is to retire from JLR, after 35 years at the company. The surprise news came out last week and by Monday the company announced his replacement, PB Balaji, who is the chief financial officer of Tata Motors. If you want to read more, click this Autocar link here.
First half year results are in for Stellantis and it is brutal. They have made a loss of £2 billion pre-tax. Tariffs are being blamed for a lot of it, but also a slow uptake on their B-segment offerings. The new CEO, Antonio Filosa, has said he will make tough decisions to help turn results around. To find out more, click this Autocar link here.
Porsche’s operating profits dropped €2 billion in the first half of 2025. Once again tariffs are being blamed, but also they continue to lose market share in China. The company is looking at ways to save money, on top of the job cuts it has previously announced. You can read more on this, by clicking an Autocar article link here.
Helsinki has not had a road traffic fatality, for over a year. Reasons for this excellent news are a combination of improved infrastructure, all road users working together, reduced speed limits, improved public transport and targeted police efforts. To find out more, click this yle article link here.
A jury has found Tesla partially liable for a fatal accident that also caused life changing injuries to a passenger of a struck vehicle, after Autopilot was engaged. The driver of the Tesla vehicle claims he thought the driver assistance system would handle things whilst he retrieved his dropped phone. Tesla is to appeal the ruling. You can read more
