Is the Maybach GLS the most excessive SUV? Life&Style The facelifted Mercedes-Maybach GLS arrives with updated styling, a mild-hybrid V8, an even more lavish cabin and a new Night Series edition aimed at the luxury SUV elite. The Mercedes-Maybach GLS, now badged GLS 680, has been updated with fresh styling, more technology and an even greater emphasis on personalisation. If the standard Mercedes GLS [...]
FCA boss takes aim at motor finance lenders and claims firms Banking The boss of the City watchdog has taken a fresh swipe at the parties opposing the regulator’s motor finance redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), told the Treasury Committee that he was “concerned about the integrity of the claims management market” and took a shot at lenders for trying [...]
City watchdog suspends parts of £9bn motor finance scheme after industry backlash Banking The UK’s financial watchdog has suspended parts of its under-fire £9bn motor finance redress scheme amid fierce backlash from industry and consumer groups. In a statement on Thursday, the Financial Conduct Authority (FCA) said the suspension will require firms to continue preparations for its scheme but avoid work that “may need to be repeated” if [...]
Mercedes-Benz slammed for swerving payout for car with ‘serious safety risk’ June 29, 2026 Mercedes-Benz’s finance arm has been slammed by the UK’s banks ombudsman for “very poor” handling of a motor finance dispute where a consumer’s car showed “serious” electrical faults. The financial services arm of the German carmaker has been ordered to refund with interest 50 per cent of all monthly payments made by a customer after [...]
‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme June 22, 2026 The City watchdog has warned motor finance lenders it is “very concerned” with how prepared the industry is to implement its £9bn redress scheme, Morning Wire can reveal. The Financial Conduct Authority (FCA) fired out letters to over 100 firms last Friday following a review of the sector’s plans to implement its under-fire redress program. [...]
Motor finance compensation scheme hanging by a thread amid legal row May 8, 2026 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 [...]
Is Mercedes-Benz’s $500m WTA Tour partnership value for money? May 7, 2026 With the deal between Mercedes-Benz and the WTA Tour well underway, Matt Hardy heads to Madrid to see if its value for money. The supermarket meal deal, the cost of an upgrade to business class, the Category A versus Category B match ticket; value for money is one of capitalism’s greatest dilemmas. It is a [...]
European carmakers slam on the brakes after Trump tariff shock May 4, 2026 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 April 29, 2026 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 [...]
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 [...]