All articles by Verdict Staff

VW Bank considering applying for state funds

VW Bank considering applying for state funds The banking arm of Volkswagen AG is considering applying for state financial help, according to a VW spokesperson.

CV order intake down 15% at MAN

CV order intake down 15% at MAN MAN Groups order intake of commercial vehicles has declined 15 percent in 2008. Recently published results showed a sharp 15 percent drop in orders in the company’s CV business area in the first 9 months of 2008, which were attributed to a poorer economic outlook, increased fuel costs and fewer financing opportunities for customers.

equigroup signs partnership deal with Nordea worth £100m a year

equigroup signs partnership deal with Nordea worth £100m a year The partnership will be worth approximately £100 million (124.72 million) per year to equigroup.

Dexia continues its dominance in France with ?16m contract

RBS signals new focus with £40m Middle East AF deal

RBS signals new focus with £40m Middle East AF deal As RBS prepares to launch a worldwide structured asset finance business focusing on tax-based deals, it revealed last month that it has signed a £40 million (50.7 million) financing of construction equipment with a Middle Eastern client.

News in brief

Leasint profits up 16.5%…Spanish brokers go international…Ubi Banca denies merger talk…

LeasePlan Italia wins tender by offering discount

LeasePlan Italia has won a tender to supply Consip, an Italian public stock company, with commercial vehicles worth just over 8.8 million.

Emerging Europe

After a bold first half and an unsteady third quarter, the final quarter of the year has seen new business levels halved for Estonias four significant lessors and overall portfolio dip below Junes size of 2.7 billion

Long-term rental hit hard

Long-term rental companies in France have become worried about the scope of the credit crunch. The National Syndicate for Long Term Vehicle Rental (SNLVLD), the French trade association for vehicle rental companies, expressed concern about refinancing costs in particular.

Yorkshire Bank backing for North Wales pellet facility

Yorkshire Banks asset finance team has financed 1.1 million worth of production equipment at a North Wales pellet plant, as part of a 4.2 million expansion by timber manufacturer Clifford Jones Timber Ltd.