Daily Motor News – Wednesday 8 October 2025

ILC ARTICLE

8th October 2025

Nikhil Rathi, chief executive of the FCA, said: “We recognise that there will be a wide range of views on the scheme, its scope, timeframe and how compensation is calculated. On such a complex issue, not everyone will get everything they would like. But we want to work together on the best possible scheme and draw a line under this issue quickly. That certainty is vital, so a trusted motor finance market can continue to serve millions of families every year.” Read more

14m unfair motor loans due compensation under FCA-proposed scheme

Payouts on an expected 14m unfair motor finance agreements could start next year, under an industry-wide compensation scheme proposed by the FCA. The FCA estimates people would receive around £700 per agreement, on average. Based on the number of consumers the FCA estimates could take part in the scheme, lenders could pay out £8.2 billion in compensation. Read more

One week to go: Mobility in Insurance Conference 2025

With just one week remaining, ILC’s inaugural Mobility in Insurance Conference 2025 is poised to deliver exclusive insight, expert-led discussion and a comprehensive look at the future of mobility within the insurance sector. Read more

Consumer Intelligence: Guidance for clients on data use and regulatory compliance

What matters now is that comparative claims must be accurate when consumers see them, not only when the data was collected. Under the CAP Code, you must hold documentary evidence before publication, and for dynamic claims, you should monitor evidence as close as possible to the appearance dates. Read more

Expert: Inflation Continues to Sew Uncertainty in Auto and Auto Repair

US: The tariffs imposed by President Donald Trump continue to impact automobile companies, which are already facing financial strains due to inflation—a trend that has led to more discussions within in the industry on steps to improve profit, stay afloat or avoid bankruptcy. Read more

Human error remains driving force in truck crashes

AU: Distraction, attention lapses and other human factors were the leading causes of major loss incidents among trucks last year, according to an NTI-backed report released today. Read more

The future of self-driving cars: Safer, smarter, and everywhere

The age of autonomous vehicles (AVs) is no longer a distant promise—it’s here. Today’s early fleets of AVs point to a future in which harried commutes turn into productive hours, jammed intersections into orchestrated traffic flows, and all roads into safer corridors. In this edition of The Next Normal, we explore the possibilities, challenges, and choices that will shape the driverless future. Read more

Mid-Year Update – AA Limited

Strong performance in our business has delivered growth in all our financial metrics, including a 54% improvement in profit before tax. Paying down of debt has further strengthened the balance sheet making a positive start to FY26. Read more

Mick Jennings honoured with Lifetime Achievement Award

Mick Jennings, Executive Chairman of NWVA Group, was honoured with a Lifetime Achievement Award at this year’s Professional Recovery Tow Show Awards Dinner, held at Stoneleigh Park. Read more

Carpenters: National Customer Service Week 2025 Service with Respect

As we celebrate National Customer Service Week, I have been reflecting on what respectful service means. My role, working as Quality Assurance Manager, means I ensure the satisfaction of our customers. I listen to customers who are frustrated and need to be heard. These are not always easy conversations, but they are vitally important. Read more

EU steel tariff hike threatens ‘biggest ever crisis’ for UK industry

The EU has announced plans to hike tariffs on imported steel in a move the UK’s steel industry has said could be “perhaps the biggest crisis” it has ever faced. Read more

ACEA reaction to the proposal for continued measures on European steel imports

The European Automobile Manufacturers’ Association (ACEA) takes note of the announcement by the European Commission of its proposal to extend protection of the European steel market. Read more

Global M&A hits its stride as companies bet big on scale

Global mergers and acquisitions (M&A) performance surged in the third quarter of this year, with 2025 shaping up to surpass expectations, according to latest research from WTW. Read more