All articles by Verdict Staff

Verdict Staff

Credit Suisse pulls plug on Park

Credit Suisse-backed Park Motor Finance is the latest UK SME lessor to have exited the market for new business as the global credit crunch continues to bite. The decision to stop lending was taken in light of the continued poor conditions in the credit markets and uncertain economic times, said Maureen Coen, head of European conduit finance at Credit Suisse

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.