All articles by Lorenzo Migliorato

VW pilots Porsche peer-to-peer car sharing in California

Volkswagen’s Porsche division is piloting a peer-to-peer car sharing scheme in San Francisco and Los Angeles, as the brand looks to build a customer base based around flexible access to luxury vehicles.

Arnold Clark launches direct-to-employee PCH through Affinity Cars

Arnold Clark Vehicle Management has launched Affinity Cars, a product allowing employers to provide car leasing to staff without going through a company car scheme.

Volkswagen brings Daimler into Heycar used car platform

Daimler’s captive finance arm has acquired a 20% stake in Heycar, a used car portal launched by Volkswagen Financial Services (VWFS) in Germany just under a year ago.

Close Brothers sheds retail finance arm to focus on secured lending

Close Brothers is selling its retail point-of-sale (POS) finance business to Swedish consumer lender Klarna, as it decides to focus on secured lending products, which include leasing and motor finance.

Vauxhall extends online finance to used cars programme

Vauxhall has begun offering online car finance for its “Network Q” approved used vehicles scheme.

Volkswagen Financial Services executive to head global group sales

A board member at Volkswagen Financial Services (VWFS) will take charge of the group’s global vehicle sales following the retirement of Fred Kappler, a VW veteran with over thirty years’ experience.

VWFS Startup Battlefield: World’s biggest carmaker opens door to innovators

Volvo puts IPO on hold as it prioritises product development

Volvo Cars will focus on product and vehicle development rather than rush a potentially ill-timed IPO, chairman Håkan Samuelsson said following his re-appointment to the role for another four years.

Cambridge & Counties partners with wealth managers for classic car finance

Cambridge & Counties Bank (C&C) has begun relying on wealth managers as introducers for its classic car finance product, which runs up to £1.5m.

FLA: Point-of-sale car finance volumes up 6% in July

Point-of-sale finance for car finance grew 6% year-on-year to 194,000 vehicles in July, FLA figures show, keeping the sector on a growth trajectory despite stale sales in new car retail.