Volkswagen sets aside £725mn for car mis-selling scandal
UKPulse Local Desk
Volkswagen has allocated £725 million in relation to a car mis-selling scandal. This figure is reportedly the largest yet for a car manufacturer.
- Volkswagen has set aside £725 million for a car mis-selling scandal.
- This amount is the largest reported for a car manufacturer.
- The total impact on the automotive industry from such scandals now exceeds £1.5 billion.
Volkswagen has reportedly set aside £725 million in connection with a car mis-selling scandal. This sum represents the largest allocation by a car manufacturer to date for such an issue.
The provision by Volkswagen brings the total financial impact on the automotive industry from mis-selling scandals to more than £1.5 billion.