All articles by Lorenzo Migliorato

China’s Geely buys 10% stake in Daimler

China’s Geely has indirectly bought a 9.69% stake in Daimler, worth $9bn (€7.2bn, £6.4bn).

Volkswagen group sales revenue up 6.2% in 2017

The Volkswagen group has reported an increase in sales revenues of 6.2% in 2017, to €230bn (£202bn).

BMW settles US army lease termination dispute for over $2m

BMW Financial Services North America has agreed to pay $2.1m (£1.5m, €1.7m) to settle a dispute over early termination fees with US military personnel relocated overseas.

Santander launches “click-to-sign” system across dealerships

Santander Consumer Finance has rolled out digital signature capabilities across its dealer network, following a test phase.

Lloyds motor finance portfolio grows 19%, impairments rise by half

Lloyds’ UK motor finance portfolio saw 19% growth to £13.6bn in 2017, but impairment charges in the segment rose substantially, up 48% to £111m.

FCA launches RegTech consultation

The Financial Conduct Authority (FCA) has launched a consultation on how technology can improve and facilitate regulatory compliance.

VRA urges dealers to prepare for diesel-petrol shift

The Vehicle Remarketing Association (VRA) has urged used car dealers to start preparing for a future shift away from diesel towards petrol.

Lending Works partners with AI firm Credit Kudos

Lex Autolease appoints head of fleet consultancy

Lex Autolease has appointed a head of fleet consultancy to replace Lauren Pamma after she moved to Black Horse.

Renault’s finance profits surpass €1bn in 2017

Renault’s finance unit, RCI Banque, grew profits to over €1bn in 2017, up 23% from 2016.