All articles by Verdict Staff
Verdict Staff
Volvo reduces capacity to offset financial uncertainty
Volvo will downsize its commercial vehicle manufacturing capacity in several regions, to reflect decreasing demand for trucks and other large road vehicles in the European market The company said that negative market development, accentuated by financial uncertainty and credit restrictions caused by recent turmoil in financial markets, had prompted the decision.
LeasePlan obtains government guarantee
LeasePlan obtains government guarantee LeasePlan has become the first company to be granted a guarantee from the Dutch government under its new bank rescue package.
MPS Leasing profits increase by 21%
The leasing and factoring arm of Monte dei Paschi di Siena, Italys oldest bank, has totalled profits of around 18 million, and increased its leasing market share by 130 base points compared to last year.