The German automaker has set aside €422 million ($494 million) to cover compensation for customers affected by allegedly missold car loans.
The UK compensation plan aims to address widespread overcharging in the motor finance sector, with Mercedes-Benz now formally contesting the regulator’s approach and financial requirements.
With millions already set aside, why is Mercedes fighting the £7.5bn car loan payout?
A £7.5bn payout is at stake. When will 12 million UK drivers actually see their money?
As Mercedes fights the FCA, will other carmakers be forced to reveal their own hidden costs?
How does the FCA's complex formula decide which drivers get compensation and how much they receive?
Lenders say it's too broad, consumers too narrow. Is the FCA's compensation plan fundamentally flawed?