All articles by Verdict Staff

Verdict Staff

Spanish automakers concerned over government plan

Spanish automakers concerned over government plan ANFAC, the Spanish association of car and truck manufacturers, has asked the Spanish government to include commercial vehicles in its new Plan VIVE, which aims to reverse the countrys steep decline in car sales by giving benefits to those who buy or lease vehicles.

Rating agency considers downgrade for LeasePlan

The rating agency is considering a downgrade of its ratings for the Dutch based company, including LeasePlan’s Bank Financial Strength Rating (BFSR), which currently is of C. LeasePlans ratings which are under review are also its long-term debt rating of A3 and its long-term subordinated debt rating of Baa1, while the short term debt rating should be unchanged at Prime-2.

SMMT calls on government for support package

The body, which represents the interests of the automotive industry in the UK, has urged the Chancellor to increase capital allowances for fleet buyers, in order to stimulate demand within the commercial vehicle sector, warning that falling registrations in the car and van sector could have a rippling effect on the economy

Italy’s Lombardia tops leasing market

Italy’s Lombardia tops leasing market The Italian region of Lombardia accounts for over 28 percent of the leasing market in Italy, according to Assilea, the countrys association for the leasing industry.