Report
Volkswagen's UK finance arm reportedly posted a £484.5m operating loss in 2024
A post points to a £725m provision for the FCA's motor finance redress scheme, despite rising turnover.
TLDR
A post says Volkswagen Financial Services, VW Group's UK vehicle finance arm, went from a £178.6m operating profit in 2023 to a £484.5m operating loss in 2024. Turnover rose from £3.14bn to £3.41bn, but the post links the reversal to a £725m provision for the FCA's motor finance consumer redress scheme.
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