All articles by Richard Irvine-Brown
Richard Irvine-Brown
GM Financial earnings down Q4, up 2012
GM Financial, the captive finance arm of General Motors, recorded fourth-quarter earnings before tax of $0.1bn in 2012, compared to $0.2bn in Q4 2011 and $0.2bn in Q3 2012.
Profit down, sales up at Jaguar Land Rover
Profits dropped 20.63% year-on-year for the three months to end of year, but were up across the final nine months of 2012 at UK-based Jaguar Land Rover Automotive ahead of a 10-year bond issue in January.
CAP opens customer-facing online presence
Vehicle valuation firm CAP has opened its website up to motorists, as well as trade, and increased its social media activity.
Ford Credit profit drops, 2012 and Q4
Global full-year pre-tax profit for Ford Credit, captive finance provider to Ford Motor Company, was $1,697m for 2012.
Car Finance Co and Experian win ICM awards
The Car Finance Company and Experian have both won awards at the ICM (Institute of Credit Management) British Credit Awards 2013.
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MotoNovo e-sig to compete on approval times
Independent finance provider MotoNovo has launched an electronic signature option called MotoClick to accelerate its retail finance process.
MBFS securities stable Fitch
Bond credit rating agency Fitch Ratings has marked two tranches of a lease transaction securitised in 2011 by Mercedes-Benz Financial Services as stable.
Santander to run Chrysler US captive
Santander Consumer USA is set to begin a 10-year agreement to run in-house finance in the US for Chrysler Group.
Network launches Sunrise software
Network, LeasePlan UKs retail finance arm, has launched Sunrise order management software, which the company hopes will allow Network franchisees to handle up to 600,000 customer quotes each year.
Tech entrant targets finance clients
Insurance provider Sterling Insurance Group has set up a UK-based software subsidiary with the aim of providing systems for retail and commercial asset finance companies.