All articles by Antonio Fabrizio
Antonio Fabrizio
Manheim to remarket ING Car Lease France’s cars and LCVs
ING Car Lease France has outsourced the majority of its remarketing requirements to Manheim, the car and commercial vehicle auction house. The French vehicle leasing arm of the ING Group has chosen Manheim to provide inspections and online auctions for approximately 6,000 cars and vans a year on its behalf.
British Army takes delivery of hybrid vehicles to cut CO2 emissions
The British Army has recently taken delivery of 50 “green cars” as part of its long-term plans to reduce the amount of CO2 emissions produced by its vehicles. The deal, brokered by the Ministry of Defence (MoD) through its leasing partners Lex and VT Group, concerns 50 Toyota hybrid vehicles, which switch automatically between petrol engine and electric motor, depending on driving conditions. The cars produce 104gkm of CO2, compared to the 154gkm emissions produced by the vehicles they are replacing.
FLA welcomes UK government call for evidence on SME access to finance
The Finance and Leasing Association (FLA) has welcomed the UK governments call for evidence on business access to finance, which will determine the measures needed to help UK small and medium-sized companies. FLAs director general Stephen Sklaroff commented: There is an urgent need for small businesses to get access to finance because Britains future prosperity depends on significant investment in new plant. The government needs to act now to help ensure both that SMEs can afford to invest in new plant using leasing and that funding is available for assets that will help deliver growth and jobs, he added.
Nucletron signs up DLL in exclusive worldwide deal
Netherlands-headquartered Nucletron, which produces and services cancer treatment technology, has developed an international partnership with international lessor De Lage Landen (DLL), and expects the potential for leasing in this sub-sector of the health care industry to grow further in the coming months.
Europe’s CV registrations down by 42.4% in April
Europes commercial vehicle registrations declined by over 42 percent in April, figures from the European Automobile Manufacturers Association (ACEA) have shown. New truck and van registrations totalled 139,870 units, and the decrease was sharper in the new EU member states with -42.5 percent compared to -36.5 percent in Western Europe. In the van segment, all major markets declined significantly, ranging from -30 percent in Italy to -45.6 percent in the UK and over -58 percent in Spain.
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Contract hire agreement for Peugeot vans cuts costs and emissions at Carillion
Carillion Property Services has said it significantly cut CO2 emissions and reduced fuel costs by adding 200 diesel-engined Peugeot vans to its 600 strong fleet.
Leasing still tops Italian commercial real estate financing, but new business down
Italys commercial real estate business decreased by over 12 percent last year, according to a study jointly realised by Italys leasing association Assilea and government agency Agenzia del Territorio.
Demand for used assets on the up among North African buyers
Africa wanting larger equipment as Central and Eastern Europe market tails away For Euro Auctions, its end-of-April sale, held in Leeds, was the largest in the companys 10-year history Interestingly, many of the buyers of equipment at the auction were from North Africa, and there is evidence to show that interest from this region will continue in the future.
Fraikin to supply Braces Bakery with 14 commercial vehicles
Fraikin has won a deal to provide plant bread manufacturer Braces Bakery with 14 new commercial vehicles. The CV lessor will provide two DAF LF45 7.5 tonne rigids, four MAN TGL 7.5 tonners and six 12 tonners, each with box bodies and tail-lifts, together with two MAN TGX 6×2 tractor units. The vehicles are under a five year contract hire agreement and will join a 66 vehicle-strong fleet to deliver Braces Bakery products to stores across Wales and the South of England.
NetSol Technologies expands presence in China’s leasing market
Leasing software provider NetSol Technologies has secured a licensing agreement with a major Chinese captive finance company to implement its flagship software LeaseSoft. Ghauri said: With the Chinese economy expected to grow in 2009 despite the global economic downturn, NetSol stands well positioned with our NetSol Financial Suite solutions to meet the needs of domestic as well as international customers looking to support their presence in this important market.”