All articles by Antonio Fabrizio
Antonio Fabrizio
Fraikin scoops deal with CPL Distribution
Fraikin is to deliver 33 new commercial vehicles to UK coal supplier CPL Distribution, the company has said.
NetSol in China expansion
Based on rising demand within the Chinese market for NetSol Financial Suite, and following a series of local contract wins, NetSol will hire 20 local enterprise systems engineers, sales and support staff this year
Italy’s Centro Leasing profits down by 60 percent
Italys Centro Leasing recorded a 60 percent net profit decline in the first half of 2009 but managed to increase its market share, the company has announced.
White Clarke enters Turkey
We are committed to a long-term entry and investment in the Turkish marketplace, starting with in-depth market research to understand the market specifics, while introducing our own know-how, technology and services, said Peter Kainradl, MD of WCG Europe
Eyes on the prize
Having the right multi-language and multi-currency capabilities are two of the Holy Grails of leasing technology Multi-language and multi-currency capabilities are two of the key features that international lessors require from software companies for their cross-border operations
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Pay-per-use model offers flexibility
As several manufacturers launch or prepare to launch their own pay-as-you-go leasing schemes, it looks like this simple-yet-attractive form of financing could be a route to signing a good number of deals with customers loath to commit to spending large sums in the current financial environment.
The great asset sale continues
The rise of online auctions and a growing interest in assets from non-European buyers mean auction houses are still being kept busy, reports Antonio Fabrizio.
Trying to keep strong
MAN Financial Services expects a stronger second half of 2009 and is planning to acquire more of Euro-Leasing and could be interested in buying the company in total With the commercial vehicle leasing sector struggling across Europe, it comes as little surprise that many lessors have completely pulled out of the market, while others are significantly reducing business and almost nobody is making a profit. Nonetheless, MAN Finance International, the financing unit of Germanys MAN SE, has sought to do most of the things that a sensible business can do to minimise losses during the recession.
Marriage of Porsche and VW back on?
No mention was made about what will happen to the brands financial services businesses, although it is understood that Porsches leasing businesses would most likely become an integral part of VW Financial Services.
UK business investment sinks in Q2 09
Business investment in the UK dropped by 10.4 percent in the second quarter of 2009 compared to the previous quarter, the UKs Office of National Statistics (ONS) has said. The reduced capital expenditure was evident in most sectors, with a peak in the manufacturing industry, which invested 16.8 percent less than the previous quarter.