Get the app →
BriefTea logoBriefTea

Every story in sixty words

Business · 1 hour ago

Santander and Volvo sue BMW in High Court over car finance dispute

Santander and Volvo sue BMW in High Court over car finance dispute

Santander and Volvo claim BMW wrongfully took luxury vehicles that were already bought to fund retail customers. Two London car dealerships collapsed in 2024 after unlawfully reselling the same vehicles to the carmaker. The two firms are demanding up to £264k through the High Court to match the original purchase prices.

Reported by City AM · How we write briefs

More briefs

BusinessHousing stocks lift British FTSE indexes as bond yields drop sharply BusinessMarks and Spencer shares drop as inflation spike sparks cost worries BusinessPound holds steady against dollar and euro as UK inflation hits 3.1% BusinessElon Musk's fortune reached $895 billion, growing $237 billion this year BusinessGrab buys BNPL firm Atome for about $1.5 billion BusinessOpenAI considers new funding round at $1 trillion valuation More business stories → Browse all stories →