All articles by Antonio Fabrizio
Antonio Fabrizio
Home Delivery Network orders 158 MAN trucks
The trucks come as fleet replacements and are on four and five repair and maintenance deals plus MAN Fleet Management, the truck makers own online Vosa and O licence compliance tool. The fleet being delivered includes 84 TGL trucks with Cartwright demount bodies, 13 TGM drawbars and tandem axle trailers also with Cartwright demount bodies, and 61 TGL trucks with box bodies and tail-lifts by Bevans.
Manheim in first offsite auction with GE Capital
Manheims first offsite auction in Italy for GE Capital has totalled 1.3 million, the company has announced. Over 170 vehicles were sold at the auction, which took place at GE Capital premises in Fiumicino, near Rome. The auction was attended by more than 50 dealers and resulted in an 86 percent conversion rate, Manheim said.
Italian lessees’ defaults at record high, says rating agency
The rating agencys Q3 report on the sector said that rising delinquencies and defaults among Italys SME-sized businesses meant that the net default index increased to 2.13 percent in the third quarter of 2009, which is the highest level since measuring began.
PACCAR FS remains profitable despite market conditions
The captive reported a $18.1 million (12.27 million) pre-tax income in the quarter, compared to the $45.5 million earned in the third quarter last year. Third quarter revenues for the financial services division were $241.7 million compared to $322.8 million in the same quarter of 2008.
European push
Having just launched its long-awaited ALFA version 5 product, CHP Consulting is now readying itself for a major push onto continental Europe
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One to watch: Vision Asset Finance
As Vision Asset Finance (VAF) celebrated its 10th anniversary last month, Trevor Finlay must have breathed a sigh of relief. The MD of the Ballymena, Northern Ireland-based company was not only glad for the contract wins of the past weeks, but also for the recovery from a large hit in fortunes VAF had suffered a couple of years ago.
The lull before the storm
As the EU struggles over the appointment of its new Commission, financial services companies are waiting to see what comes next
Barry Hutchings says
The new sales director of State Securities discusses life in subprime and the importance of factoring
Veteran refuses to leave leasing
Godfrey Smith spent almost two decades in senior roles at Bank of America Leasing before retiring last month Godfrey Smith might have just retired after a long career with Bank of America (BofA), but he is certainly not bidding farewell to leasing forever.
UK business confidence slightly up, says KPMG
Confidence amongst British businesses has reached its highest for 18 months but concerns still remain, KPMGs latest quarterly business confidence survey has found. More than half of the senior executives surveyed said they have seen signs of recovery, and the number of them seeing prospects for the economy as bad has dropped to 24 percent from 54 percent in the previous quarter.