All articles by MF Editorial
MF Editorial
Restructuring may see redundancies
Restructuring may see redundancies In the wake of the credit crunch, GE Capital Solutions is to undertake a strategic review of its business that may lead to redundancies – which could potentially hit its car leasing subsidiary, GE Capital Solutions Fleet Services. A spokesperson for GE Capital Solutions said: We can confirm that GE Capital Solutions, the leasing, lending and asset management business, has completed a strategic review of its UK operations in light of the ongoing global economic turmoil. As a result, GE Capital Solutions – which includes major fleet management, equipment leasing and commercial distribution finance operations – will concentrate on providing value-added solutions and services to mid, large and multi-country customers across Europe
Trio of new appointments at Hitachi Capital Vehicle Solutions
Trio of new appointments at Hitachi Capital Vehicle Solutions The UK sales team at Hitachi Capital Vehicle Solutions has been bolstered by a trio of new appointments Derek Thornton is the new manager of strategic accounts, Brendan Moran is in charge of corporate sales, and Peter Leyden is responsible for SME sales
Total Accident Management bags Sinclair contract
Total Accident Management bags Sinclair contract Total Accident Management, the repair and claims management subsidiary of Helphire Group has secured a deal to manage vehicle accident claims for clients of Sinclair Finance and Leasing.
Manufacturer promotions blitz in coming months
Manufacturer promotions blitz in coming months Information company Parkers Car Price Guide has collected together data on current and forthcoming manufacturer finance deals on new cars. Chrysler, Dodge and Jeep have slashed prices by over £2,000 on some models, Daihatsu has extended the warranties on its Terios and Sirion ranges from three to five years, and Kia is selling its diesel-engine Ceed for the same price as a petrol version, Parkers reported.
County council renews staff car scheme with lessor
County council renews staff car scheme with lessor ING Car Lease has won a renewal of its contract to provide the employees of Staffordshire County Council with company cars.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
The Arranger
Life these days has become pretty much excitement-free.Things have gone a bit quiet on the totty front language, Graham Ed. and since I only get excited by sports that involve wheels or the participation of England theres not much to shout about
Acquisition of French fleet finalised
Acquisition of French fleet finalised LeasePlan Corporation NV and its subsidiary LeasePlan France SAS (LPFR) have finalised the agreement with Mercedes-Benz Financial Services France SA to purchase its subsidiary, Daimler Chrysler Fleet Management France SAS which operates under the brand name DCS Fleet. LeasePlan announced this acquisition March 18, and said it would strengthen LPFRs position as one of the top players in the French multi-brand operational leasing market, with a managed fleet well above 100,000 vehicles.
Excellent year for Honda Finance in 2007
The lions share of Honda’s financial services businesses sales came from the North American operation, Honda Finance Corp (see table 1), where year-on-year net sales rose by 33 per cent to JPY483.9bn (£2.4bn), although all international regional groups saw sales increase, with particularly strong growth in Asia (excluding Japan), up 57 per cent.
Lessor scores three major deals
Fleet management and leasing company Lloyds TSB autolease (LTSBa) has landed three huge vehicle supply contracts, with E.ON, Fujitsu and Newsquest The lessor won a £100m deal with energy company E.ON to provide it with vehicles in the UK, Germany, Hungary and the Czech Republic, a continuation of a previous four-year relationship between LTSBa and E.ON. As well as 6,000 vehicles in the UK, the deal covers, through LTSBas pan-European joint venture Fleet Synergy International, 7,500 vehicles in Germany, 2,300 in Hungary and 2,000 in the Czech Republic – 17,800 vehicles altogether, meaning E.ON is now Fleet Synergys largest client.
Lombard Vehicle Management tie-up with Vauxhall for SME fleet focus
Lombard Vehicle Management (LVM) has announced a joint campaign with Vauxhall to market the manufacturers cars and vans to SMEs, with specially-negotiated rates.LVM said that almost every Vauxhall model and derivative is available, with prices predicated on a three-year, 30,000 mile basis. The push is part of its strong ongoing commitment to SMEs, LVM said.