Volkswagen Financial Services is launching an efficiency drive that is expected to generate annual savings of €850 million, including the use of standardised IT systems.
The plan was revealed by Lars Henner Santelmann (pictured), chairman of the management board of Volkswagen Financial Services, as the company revealed record results for 2018, with total contracts rising 5.5% to 20.3 million during the year.
He said: “Our intention is to reach a portfolio of 30 million contracts by 2025 and also save €850 million each year from then onwards. This will be achieved by enhancing our productivity, by introducing standard IT systems and by optimising our sales costs.”
Mar 22, 2019
Volkswagen Financial Services is launching an efficiency drive that is expected to generate annual savings of €850 million, including the use of standardised IT systems.
The plan was revealed by Lars Henner Santelmann (pictured), chairman of the management board of Volkswagen Financial Services, as the company revealed record results for 2018, with total contracts rising 5.5% to 20.3 million during the year.
He said: “Our intention is to reach a portfolio of 30 million contracts by 2025 and also save €850 million each year from then onwards. This will be achieved by enhancing our productivity, by introducing standard IT systems and by optimising our sales costs.”
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New regulations are reshaping the future of the fleet market and leasing companies will need to adapt to maximise potential growth opportunities.
Factors including new European emissions tests, the introduction of UK clean air zones and a rapid shift away from diesel are among a host of issues that will disrupt the fleet market for years to come.
In response, the International Asset Finance Network is hosting a new briefing on April 4 in London to look at how the future of the fleet market will be reshaped by new regulations.
The IAFN Consumer and Business Auto Finance Regulatory Forum 2019 will deliver insights that help executives from leasing companies to manage the impact of new regulations and legislation and the changes they will bring.
Mar 21, 2019
New regulations are reshaping the future of the fleet market and leasing companies will need to adapt to maximise potential growth opportunities.
Factors including new European emissions tests, the introduction of UK clean air zones and a rapid shift away from diesel are among a host of issues that will disrupt the fleet market for years to come.
In response, the International Asset Finance Network is hosting a new briefing on April 4 in London to look at how the future of the fleet market will be reshaped by new regulations.
The IAFN Consumer and Business Auto Finance Regulatory Forum 2019 will deliver insights that help executives from leasing companies to manage the impact of new regulations and legislation and the changes they will bring.
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APD Global Research has appointed Kathryn Courtenay-Evans as UK managing director.
Courtenay-Evans (pictured left), formerly commercial director, will focus on growing the company’s utility and non-automotive client base and will report to executive chairman Paul Turner.
The company has also promoted Karl Fisher (pictured right) to client services director from his previous role as operations director to support existing customers and build its automotive business.
Mar 21, 2019
APD Global Research has appointed Kathryn Courtenay-Evans as UK managing director.
Courtenay-Evans (pictured left), formerly commercial director, will focus on growing the company’s utility and non-automotive client base and will report to executive chairman Paul Turner.
The company has also promoted Karl Fisher (pictured right) to client services director from his previous role as operations director to support existing customers and build its automotive business.
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Global finance software solutions provider NETSOL Technologies has implemented its NFS Ascent Suite in China for a leading German auto-captive in the latest stage of a $110 million multi-country implementation.
The contract, which is the largest in NETSOL’s history, covers 12 countries and includes implementations, licences, maintenance, services and expected customisation fees.
China is the sixth and largest deployment of the system following successful implementations in Australia, New Zealand, South Africa, South Korea and Thailand.
Mar 21, 2019
Global finance software solutions provider NETSOL Technologies has implemented its NFS Ascent Suite in China for a leading German auto-captive in the latest stage of a $110 million multi-country implementation.
The contract, which is the largest in NETSOL’s history, covers 12 countries and includes implementations, licences, maintenance, services and expected customisation fees.
China is the sixth and largest deployment of the system following successful implementations in Australia, New Zealand, South Africa, South Korea and Thailand.
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ALD Automotive, the global leasing and fleet management provider, has acquired Dutch leasing company SternLease from its parent company Stern Group, the Dutch automotive retail and services provider.
SternLease has a fleet of around 13,000 vehicles rented to SMEs and private individuals in the Netherlands.
It provides leasing services through direct sales and through Stern Group’s network of 85 local dealerships.
Mar 21, 2019
ALD Automotive, the global leasing and fleet management provider, has acquired Dutch leasing company SternLease from its parent company Stern Group, the Dutch automotive retail and services provider.
SternLease has a fleet of around 13,000 vehicles rented to SMEs and private individuals in the Netherlands.
It provides leasing services through direct sales and through Stern Group’s network of 85 local dealerships.
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The low-cost benefits of personal leasing are generating a change in attitude among consumers that could see it supersede traditional finance options such as hire purchase or personal contract purchase, according to Concept Vehicle Leasing.
Paul Bulloch (pictured), managing director of Concept Vehicle Leasing, made the claim following the publication of British Vehicle Rental & Leasing Association figures that showed a leap in demand among consumers.
Last year, the number of personal contracts for cars held among BVRLA members was more than 1.8 million, a rise of 14% year-on-year.
Mar 21, 2019
The low-cost benefits of personal leasing are generating a change in attitude among consumers that could see it supersede traditional finance options such as hire purchase or personal contract purchase, according to Concept Vehicle Leasing.
Paul Bulloch (pictured), managing director of Concept Vehicle Leasing, made the claim following the publication of British Vehicle Rental & Leasing Association figures that showed a leap in demand among consumers.
Last year, the number of personal contracts for cars held among BVRLA members was more than 1.8 million, a rise of 14% year-on-year.
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