What to know as ASIC takes Budget Direct owner to court
Australia's financial regulator is suing Auto and General, the underwriter of Budget Direct, over allegations of misleading advertising that resulted in financial losses for thousands of customers.
Tens of thousands of Budget Direct customers overcharged, ASIC alleges
ASIC is pursuing legal action against Budget Direct for allegedly overcharging approximately 39,000 customers who lost online discounts due to policy amendments.
The Ugly Final Bill of Detroit's Auto Giants Electric Car Adventure – Tens of Billions in Losses
Detroit's major auto manufacturers face significant financial losses, exceeding $50 billion, in their electric vehicle ventures due to declining sales and political shifts.