All articles by Lorenzo Migliorato
Lorenzo Migliorato
VW keeps leasing profits stable as residual value exposure rises
The Volkswagen Financial Services (VWFS) group recorded €609m in operating profits in 2017, in line with the previous year, as risk exposure from residual values rose to 7.20% of total guaranteed values, up from 6.39% in 2016.
UK government to consult on late payments to SMEs
The UK government will open a consultation on late payments to SMEs, Chancellor Philip Hammond and Small Business Minister Andrew Griffith have said.
IFC Fleet acquires B2B rental provider
Fleet management and logistics company IFC has acquired Fownd, a provider of daily rental for commercial vehicles, for an undisclosed sum.
UK accounting authority investigates Carillion finance heads
The UK’s Financial Reporting Council (FRC) has launched an investigation into Carillion’s former group finance directors, Richard Adam and Zafar Khan.
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P2p trade finance marketplace Tradeteq launches
A peer-to-peer (p2p) marketplace for trade finance, Tradeteq, has fully launched after a pilot phase.
Moody’s warns of diesel ban threat to German auto finance
Germany’s decision to city authority bans on diesel vehicles poses a risk to auto finance companies in the country, rating agency Moody’s has warned.
Sixt Leasing reduces diesel vehicle numbers
Sixt Leasing has detailed plans to reduce the presence of diesel vehicles in its fleet, and hedge against possible vehicle devaluation and fuel bans.
