Volkswagen is about to disclose the huge losses caused by the UK financial regulator's 9 billion pound auto finance compensation plan. A few months ago, Volkswagen joined forces with a number of competing car companies to file legal lawsuits over the implementation of the plan. Volkswagen Financial Services has submitted financial reports to the British Companies Registry. It is expected that the financial report will show that the company has prepared hundreds of millions of pounds of reserves to pay car buyers who have been improperly sold financial products over the years. This financial report will be made public later this week, and will reveal for the first time the scale of losses faced by Volkswagen, which owns the Audi, Seat, and Skoda brands, in this scandal. Analysts said on Tuesday that with reference to the amount of reserves calculated by competitors such as BMW and Mercedes-Benz, Volkswagen will need to set aside at least 500 million pounds for compensation claims in fiscal year 2025.

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