All articles by Verdict Staff
Verdict Staff
LeasePlan asks Dutch government for guarantees
Guus Stoelinga, LeasePlans chief financial officer, said that the company is not facing liquidity problems, but had decided to seek assistance because regular credit markets have been nearly frozen by the liquidity crisis.
Fleet lessor Alphabet closes to new business
Fleet lessor Alphabet closes to new business BMW Group’s multi-marque fleet management and leasing arm Alphabet has “temporarily” ceased new business origination, the manufacturer said
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.