Compliance & risk management - Page 8
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FCA's Nikhil Rathi on what car loan commission review expects to find
The Financial Conduct Authority has found "issues" in the ways that motor finance was offered or incentivised in the past and the ongoing review will determine the breadth of those issues, and what system of redress will be needed. That's according to FCA chief executive Nikhil Rathi.
Tavares orders strategic review of Stellantis UK due to ZEV Mandate risk
Stellantis chief executive Carlos Tavares has demanded a re-examination of the vehicle manufacturer's business prospects in the UK in light of the impact of the zero emission vehicles (ZEV) Mandate.
UK's 2030 ICE ban to return yet Renault CEO already fears EV transition timeline
As the UK is set to restore its 2030 ICE ban, Renault chief Luca De Meo has questioned the timeline for the transition to electric vehicles (EVs) in Europe, insisting the French car maker needs to reduce costs to meet its EV goals.
Executive View: The reality of 'customer first' in automotive
Mike Todd, chief executive of Volkswagen Financial Services UK, says the automotive sector needs to ensure the Consumer Duty standard remains a driving force for continual improvement as it looks to meet the changing demands of customers.
Government faces pressure to decide on Chinese EV tariffs amid 2030 ICE phase-out
The Labour government, which has committed to reinstating a 2030 deadline for phasing out new ICE car sales, is coming under pressure to decide whether to follow the EU and US in raising duties on Chinese EV imports.
Garages seek help to deter drivers leaving with safety issues unresolved
Motor industry organisations have reacted to suggestions that dealerships and garages should be able to do more to deter motorists from driving off in a car or van that has unresolved safety-critical faults identified by vehicle technicians.
Executive View: Can dealers cope with a flood of queries on historic car loans?
Steve Salvin, chief executive of Milton Keynes-based tech firm Aiimi, discusses how motor retail companies can ready their data for an influx of Data Subject Access Requests (DSAR) from consumers hoping for a payout from historic car loans.
SMMT urges new government to help unlock £50bn growth potential
The Society of Motor Manufacturers and Traders (SMMT) is urging the next government to collaborate closely with the automotive industry to unlock its full potential, projecting a £50 billion growth opportunity over the next decade.