All articles by MF Editorial
MF Editorial
Flexxilease offers cars to “fill in the gaps”
Contract terms start from three months, and can be renewed on a rolling three-month basis, explains Hardy Sohal, group marketing manager at the lessor, which is part of Car Crash Line Group
Hybrid fleet for airline staff
Hybrid fleet for airline staff The environmental credentials of British Airways (BA) will be somewhat improved by news that, from this summer, over 100 BA sales staff will be driving Honda Civic Hybrids, thanks to a deal facilitated by fleet management and leasing company Masterlease. The vehicles will be provided through a contract hire deal on a fully-maintained, three years50,000 miles basis, with Masterlease providing fleet management services. BAs environmental manager, Gary Meades, added; Environmental performance was the key consideration in British Airways decision to invest in the new fleet and the hybrid technology not only meets the highest environmental targets for vehicle emissions but will also deliver greater fuel efficiency.
Profits plunge in first quarter
Profits plunge in first quarter The Ford Motor Credit Company reported an 88 per cent fall in net profit for the first quarter of 2008 to $24m (£12m) as it provided more for credit losses, depreciation of leased vehicles and marked losses for the market value of its derivatives.
New rental service online, all the time
Inchcape Fleet Solutions is to launch a web-based rental management system, IRental, at the end of April, which will allow customers to place, view and amend vehicle hire bookings 247 whilst also complementing the companys current rental process, IFS said
Strong fleet growth for European lessor
BNP Paribas-owned pan-European lessor Arval has reported strong growth in its leased fleet of 8.7 per cent in 2007, against the background of a total fleet leasing market that grew by only 1.7 per cent Arval currently leases some 538,000 vehicles, with a managed fleet of another 90,000, meaning it operates 628,000 vehicles overall and is the second-largest European fleet lessor
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Alliance & Leicester Commercial Bank funds new premises for dealer
Sportscar dealership Boss Performance of Bury, Lancashire, has bought new multi-million pound premises using funding provided by Alliance & Leicester Commercial Bank (A&LCB)’s Manchester Business Centre.
Rapid Response Vehicles for ambulance service from ING Car Lease
Contract hire company ING Car Lease is to provide 80 Rapid Response Vehicles (RRVs) – specially converted Vauxhall Zafiras – for Yorkshire Ambulance, on a four year100,000-mile lease contract.
Profits up for HR Owen
Luxury retail specialist HR Owen announced that it made pre-tax profits of £2.8m for the year ended December 31 2007, up from £0.7m in the year-ago period.Revenue swelled from £159m at the end of 2006 to £184m, up 15 per cent.
Banque PSA Finance delivers strong 2007 results
Banque PSA Finance (BPSAF) has released its annual results for 2007, which show that the captive managed to grow operating income by 0.7 per cent to 608m (£462m), despite what it described as a highly volatile banking environment. Net banking revenue was up by 2 per cent year on year, to 981m (£745m) (2006: 962m £730m).
icenet provides growth platform for northern broker
North Riding Finance (NRF) was established some eight years ago. Its head office is in Harrogate with other branches at Hull and Barnsley. It sources business principally from motor dealers over the north of England and deals predominantly in prime motor deals with some non-prime included as appropriate. It has a panel of around 15 funding sources all well-known names.