Secure Trust Bank gears up for auto sector growth with launch of V12 Vehicle Finance

Secure Trust Bank is creating a financial services hub for UK auto dealers with the launch of V12 Vehicle Finance. The launch is part of a strategy to treble the bank’s motor lending by 2023 to around £1 billion through a range of innovative services covering the sourcing, funding and financing of used cars and vans. To drive growth, it has developed a strategic partnership with innovative national vehicle remarketing specialist Aston Barclay Group to provide a broad service to dealers. A wholesale proposition, ‘Aston Barclay Stock Funding powered by V12 Vehicle Finance’, will support the remarketing company’s 6,000 buyers with rapid access to finance to fund a vehicle’s value, including auction fees, delivery charges and refurbishment costs up to £1,000, including VAT.

Secure Trust Bank gears up for auto sector growth with launch of V12 Vehicle Finance

Jun 18, 2019

Secure Trust Bank is creating a financial services hub for UK auto dealers with the launch of V12 Vehicle Finance. The launch is part of a strategy to treble the bank’s motor lending by 2023 to around £1 billion through a range of innovative services covering the sourcing, funding and financing of used cars and vans. To drive growth, it has developed a strategic partnership with innovative national vehicle remarketing specialist Aston Barclay Group to provide a broad service to dealers. A wholesale proposition, ‘Aston Barclay Stock Funding powered by V12 Vehicle Finance’, will support the remarketing company’s 6,000 buyers with rapid access to finance to fund a vehicle’s value, including auction fees, delivery charges and refurbishment costs up to £1,000, including VAT.

Skoda trials Europe’s first university car-sharing service

Car manufacturer Skoda has developed a pioneering car-sharing platform for students who don’t want to commit to outright car ownership during their studies. Uniqway has been developed together with students from three Czech universities. Both students and faculty members only pay for what they use, with Uniqway prices starting from just over €1 per hour plus a small fee for every kilometre driven.

Skoda trials Europe’s first university car-sharing service

Jun 12, 2019

Car manufacturer Skoda has developed a pioneering car-sharing platform for students who don’t want to commit to outright car ownership during their studies. Uniqway has been developed together with students from three Czech universities. Both students and faculty members only pay for what they use, with Uniqway prices starting from just over €1 per hour plus a small fee for every kilometre driven.

Electric future beckons as interest in zero-emission vehicles gathers pace

There will be strong future demand for a new generation of zero-emission vehicles as tolerance for cities choked by traffic pollution is fast disappearing, according to new claims by industry experts. By 2030, 70% of new car and van sales are expected to be zero-emission-capable vehicles, with the current rise in demand predicted to be the start of exponential growth in sales of ultra-low-emission transport. According to the European Automobile Manufacturers Association, across the European Union sales of plug-in vehicles rose 40% in the first quarter of 2019, compared to the same period last year. Sales of mild hybrid vehicles were up one-third. Total alternative fuel vehicle sales reached 341,000 in Q1, a year-on-year rise of 26%, while diesel sales fell 18% to 1.3 million and petrol vehicle sales grew 3% to 2.4 million.

Electric future beckons as interest in zero-emission vehicles gathers pace

Jun 11, 2019

There will be strong future demand for a new generation of zero-emission vehicles as tolerance for cities choked by traffic pollution is fast disappearing, according to new claims by industry experts. By 2030, 70% of new car and van sales are expected to be zero-emission-capable vehicles, with the current rise in demand predicted to be the start of exponential growth in sales of ultra-low-emission transport. According to the European Automobile Manufacturers Association, across the European Union sales of plug-in vehicles rose 40% in the first quarter of 2019, compared to the same period last year. Sales of mild hybrid vehicles were up one-third. Total alternative fuel vehicle sales reached 341,000 in Q1, a year-on-year rise of 26%, while diesel sales fell 18% to 1.3 million and petrol vehicle sales grew 3% to 2.4 million.

EMEA

MaaS pioneer moovel launches mobility project with Daimler Financial Services

May 21, 2019

Daimler Financial Services has introduced a new mobility budget for more than 3,000 employees in a partnership with travel app pioneer moovel. The corporate mobility budget provides employees with credit so they can book and pay for journeys using the moovel app, including bus and train, car-sharing services from Share Now (formerly car2go and DriveNow), the ride-hailing service mytaxi and rental bikes. The mobility budget, which also includes private use, enables employees to commute each day without using their own cars and can be used in Stuttgart, Berlin, Hamburg, Munich, Frankfurt, Cologne, Düsseldorf, Karlsruhe and Aschaffenburg.

Americas

Scania to update Brazilian factory with $344m investment

May 29, 2019

Truck manufacturer Scania has announced that it will invest 1.4 billion reais ($344 million) to update its factory in Sao Bernardo do Campo, near São Paulo, Brazil. The funding will be used to update the company’s assembly line and launch a new series of trucks in the Latin American market. Investment will begin in 2021 and follows the company’s previous funding injection, which started in 2016 and is due to be completed in 2020.

Asia Pacific

Hyundai and Kia invest $300m in India’s largest mobility service provider Ola

Mar 19, 2019

Hyundai Motor Group has announced a $300 million investment into Uber-rival Ola, as the car manufacturer expands into providing mobility solutions and related fleet services. The agreement will see Hyundai, Kia and Ola collaborate on developing fleet and mobility solutions by building India-specific electric vehicles and support services, as well as helping Ola attract new drivers to the platform. As part of the strategic collaboration, the companies will jointly develop services to operate and manage the Ola fleet, as Hyundai Motor Group expands its operations from automobile manufacturing and sales to mobility services and total fleet solutions.