'Volkswagen sets aside £725mn for car finance mis-selling scandal; Figure is biggest yet for a car manufacturer and raises total hit to automotive industry to more than £1.5bn' - FT

Volkswagen has allocated £725 million to address a car finance mis-selling scandal, marking the largest provision by a car manufacturer to date. This decision raises the total financial impact on the automotive industry to over £1.5 billion. The scandal has significant implications for the company's financial standing and reputation in the market.