Financing Assets

Fleet Friday: new appointments, used prices, EVs

Fri, May, 4 2012

New roles at Nissan and Seat, Manheim’s ex-fleet used values, the company car’s role in reducing pollution and electric vehicle strategy, public and private.

BMW FS profit contribution drops, Q1

Thu, May, 3 2012

First quarter pre-tax profit at BMW Financial Services, which includes fleet lessor Alphabet, was €434m, up marginally by 1.17%, year-on-year, but down as proportion of the automotive manufacturer’s total group profit to 20.91%, from 25.15%.

BMW FS profit contribution drops, Q1

Thu, May, 3 2012

First quarter pre-tax profit at BMW Financial Services, which includes fleet lessor Alphabet, was €434m, up marginally by 1.17%, year-on-year, but down as proportion of the automotive manufacturer’s total group profit to 20.91%, from 25.15%.

Fleet Friday: LeasePlan, Ford, Lex, ALD

Fri, Apr, 27 2012

A weekly roundup of fleet news from the UK and Europe including a renewed deal for Swedbank, new wheels for Autoglass and Siemens, and what 1,000 company drivers think of fuel expenses.

Cat Financial reports $668m Q1 revenue

Thu, Apr, 26 2012

Cat Financial has revealed global earnings of $668m for the first quarter of 2012, an increase of $28m on the same period last year. First quarter profit after tax for this year was $120m - up $37m from last year.

The burden of office

Tue, Apr, 10 2012

Office equipment leasing is a €16bn business in Europe and BNP Paribas Leasing Solutions is the dominate force in the market. Grant Collinson talks to the French lessor this vital sector With one new office equipment leasing transaction started every working minute, resulting in 100,000 new contracts each year, BNP Paribas Leasing Solutions holds the envious position of dominating the European market in office equipment.

Financing the giant of European leasing

Tue, Apr, 10 2012

As the eurozone crisis has played out in news reports across the continent, Germany has been positioned as the immutable strongman of the economic area. Yet, as Leasing Life investigates the state of German leasing, we discover the economy is not without its challenges.Liquidity is a key concern in Germany, Thomas Stahl, country manager for Germany at De Lage Landen, told Leasing Life.

50% sales growth for MAN FS

Tue, Apr, 10 2012

Des Evans, UK chief executive of MAN Truck & Bus, described the German manufacturer’s Financial Services division as “a bank that likes to sell trucks,” and running that bank is the job of Peter Collins, managing director of MAN Financial Services (MAN FS). As the truck and bus company celebrated its 20th anniversary in London, Leasing Life took the opportunity to speak with Collins and get a closer look at its leasing and finance arm.

CHP Consulting publishes lease accounting whitepaper

Thu, Mar, 29 2012

Asset and motor finance software and consultancy services company CHP Consulting has published an online thought leadership whitepaper about the International Accounting Standards Board and the Financial Accounting Standards Board’s overhaul of lease accounting.

Shawbrook acquires Singers increasing loan book to £500m

Thu, Mar, 29 2012

Lending bank Shawbrook has acquired Singers Asset Finance, more than tripling its loan book size, in a strategic bid to extend its customer base. The takeover will see Shawbrook, which prior to buying Singers had specialised in savings and loans for mortgage products, enter the asset finance market with Singer’s established client base.