Finance company FGA Capital, a joint venture
of Fiat Group Automobiles and Crédit Agricole, is opening its first
retail service centre, based in Slough.
The move means, from the start of 2012, FGA
Capital will provide their own back office
administration, replacing Santander Consumer Finance, as well as
continuing to provide finance Alfa Romeo, Abarth, Fiat, Fiat
Professional, Chrysler, Jeep and Jaguar Land Rover.
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“The move from Santander is the conclusion of
a long-term strategy to bring the systems and operation in-house,”
FGA Capital told Motor Finance.
Dealer systems and processes have been
outsourced to White Clarke Group, which was “selected as a
long-term partner based on their expertise in this field and
previous experience in consulting work that had been done for FGA
Capital”.
FGA Capital was formally created in December
2006, prior to which the organisation had been known as Fiat Auto
Financial Services and has been providing finance for the Fiat
group brands in the UK since 1997. The financing relationship with
Jaguar and Land Rover began in 2009, following the sale of those
brands by Ford to Tata.
richard.brown@vrlfinancialnews.com
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