All articles by MF Editorial
MF Editorial
FMG Support wins Autolease contract
Lloyds TSB Autolease has awarded a three-year contract to provide accident and incident management to FMG Support, following a competitive tender.
Ratings warnings for Banque PSA and RCI Banque
The grim outlook for the motor industry has prompted a warning over possible ratings downgrades for two captive finance companies.
Welcome Finance stops new business
Welcome Finance is to stop lending to new customers, it was announced.
Lombard Vehicle Management grows SME business by 50 per cent
Deliveries of fleet vehicles to SME customers of Lombard Vehicle Management grew by 50 percent in the past year, the leasing company said.
CV Show cancelled
The Commercial Vehicle Partnership, comprising the SMMT, RHA and SOE, and the CV Show Committee, made up of the partners and representatives from the commercial vehicle and component sector, agreed today to cancel this year’s CV Show scheduled for 28-30 April at Birmingham’s NEC.
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Government plan to shore up SMEs
The government has announced a £21bn plan to help small and medium-sized enterprises, with loan guarantees to try and inject capital into otherwise healthy companies which are suffering from a lack of liquidity.
SMEs urged to go back to company cars
Turning away from company cars could be seriously bad for SMEs’ financial health. This is the message from the head of Lombard Vehicle Management, Rob Bailey, who has advised SMEs which offer employees a cash-for-car to option to encourage drivers back into company cars, as a way of controlling – and reducing – costs.
Calls for scrappage scheme gain momentum
The prospect of a scrappage scheme, which would give consumers a financial incentive to replace older cars with a new, green model, is gaining support on a national and European level.
Arval wins sale-and-leaseback deal
Arval has agreed a sale-and-leaseback deal with existing customer ArojHuntleigh UK, covering 200 vehicle units- 95 LCVs and 103 cars.
Three-year remarketing deal
Santander Consumer Finance and Manheim Auctions have agreed a new solus three-year contract.