poisar

Stocks · News reference

'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

BenzingaBenzinga Newsdesk

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. Globenewswire IncNa

    Volkswagen Group strengthens its strategic semiconductor ecosystem through partnership with NXP

    Volkswagen Group and NXP Semiconductors announced a strategic partnership where NXP's S32K5 microcontrollers will serve as core processors for Volkswagen's future zonal software-defined vehicle architecture. The technology will consolidate multiple vehicle functions, reduce complexity, and be deployed across all Group brands and vehicle segments, with the first vehicle featuring this architecture planned for 2027.

  2. The Motley FoolJeff Siegel

    Prediction: Here's What a $5,000 Investment in Rivian Will Be Worth in 5 Years

    An analyst predicts that a $5,000 investment in Rivian could double to approximately $10,000 by 2031, driven by accelerating production of its lower-priced R2 SUV, a strategic partnership with Uber for autonomous vehicles, and growing software revenue. The company aims to reach 250,000 annual vehicle deliveries by 2031 with a projected $15 billion in combined automotive and software revenue.

  3. Globenewswire IncResearchandmarkets.Com

    Saudi Arabia Electric Vehicle Market Size, Share, Growth, and Forecast 2026-2035 | Vision 2030 and Fleet Electrification Propel 25.10% CAGR Toward USD 5.53 Billion

    Saudi Arabia's EV market is projected to grow at a 25.10% CAGR from 2026-2035, reaching USD 5.53 billion by 2035, driven by Vision 2030 initiatives, fleet electrification, domestic manufacturing, and charging infrastructure development. Battery electric vehicles and passenger cars are expected to lead growth, with major automakers competing through localized production, climate-adapted engineering, and fleet-focused strategies.