Contract news
ALD Automotive signs MoU in €4.9bn LeasePlan acquisition
ALD Automotive has signed a memorandum of understanding (MoU) to acquire 100% of LeasePlan for a total sum of €4.9bn.…
Blue Motor Finance adds Standard Chartered & Schroders to platform
Blue Motor Finance has completed a syndication of part of its existing £300m forward flow transaction to Standard Chartered Bank…
Shire Leasing to provide finance for Manchester’s CAZ support scheme
Shire Leasing has been appointed as a funder for Greater Manchester’s Clean Air Zone financial support scheme (FSS). Eligible applicants…
Cazoo targets European expansion with €30m Swipcar acquisition
Online car retailer Cazoo has confirmed the acquisition of Swipcar, a consumer car subscription platform based in Spain. Cazoo acquired…
Moneybarn implements Open Banking solution from Credit Kudos
Moneybarn has implemented an Open Banking solution from Credit Kudos, with a view of improving its lending decision-making process. The…
Caterham Cars receives £1.15m funding from Santander
Santander Corporate & Commercial has provided £1.15m funding for Caterham Cars, the Dartford-based light sports car manufacturer. The funding line…
BMW UK, Alphabet agree de-fleet contract with BCA
BMW UK and fleet leasing subsidiary Alphabet have agreed a de-fleeting and stock management partnership with British Car Auctions (BCA),…
JLR adopts Leaselink platform for public sector fleet sales
Jaguar Land Rover (JLR) UK has selected Ebbon-Dacs’ e-procurement platform, Leaselink, to handle direct sales to fleet operators in the…
ALD and Mazda partner for leasing in the Netherlands
Societe Generale's ALD Automotive has partnered with Mazda to provide consumer and commercial car leasing in the Netherlands. From June…
Santander signs remarketing deal with Aston Barclay
Santander Consumer Finance has signed a three-year remarketing deal with Aston Barclay's Prees Heath site. Aston Barclay will auction off…
EV consortium partners with Shell for retail charging points
Ionity, a joint venture between OEMs to develop infrastructure for electric vehicles (EVs), has partnered with Shell to roll out charging…
Santander to provide contract hire for Volvo in the UK
Volvo has moved its UK contract hire business from Lex Autolease to Santander Consumer Finance (SCF). Under a white label…
Cox provides retail software to Vauxhall dealer franchise
Cox Automotive subsidiary Incadea has signed a deal to provide a retail operating system to Vauxhall franchised dealer group Thurlow…
Codeweavers calls for more flexible software leasing
Finance software company Codeweavers has called on software vendors to offer shorter contracts for new technology and software. The Staffordshire-based…
RateSetter reneges on lending to George Banco customers
Peer-to-peer lender RateSetter has reneged on a deal to lend directly to guarantor George Banco’s customers, less than a month…