All articles by Mike Cobb
Mike Cobb
VWFS contract growth Q3
Germany’s Volkswagen reported an operating profit of 8.6bn (£7.36bn) for the first nine months of 2013 with the finance division contributing $1.1bn to the total.
Cassiopae eyes CEE growth with Singhammer take over
Leasing software provider Cassiopae has expanded its presence in central Europe after taking over rival provider Singhammer.
Exclusive: Aldermore MH team moves to rival
UK bank Aldermore has lost six members of its asset finance team to a rival bank, Leasing Life has learnt.
NetSol launches cloud-based finance platform
NetSol, the US-headquartered asset finance software provider, has launched its latest asset financing platform NFS Ascent which includes cloud-based services.
Grenke profits increase to 35m despite cost rise
German leasing group Grenke has reported a strong growth in net profit for the first nine months of 2013 despite a significant rise in expenses.
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Finance demand drops due to US political uncertainty
US demand for equipment finance saw a 6% fall in September according to statistics released by the Equipment Leasing and Finance Association (ELFA).
CIT Vendor continues profitable run into Q3
CIT Vendor Finance, the leasing division of CIT Group, has reported a significant turnaround in profitability for the third quarter of 2013 compared to last year.
GE Capital sees 15% drop in leasing profits
GE Capital has reported an 8% fall to $3.6bn (2.6bn) in third quarter profits and a 15% drop in profits at the Commercial Lending and Leasing (CLL) division.
Fleet Friday: Lex, Manheim & Northgate
A round-up of the week’s fleet news including a Lex Autolease deal with a construction firm, £1m Manheim auction, a third ‘mega sale’ between the two firms and a fleet expansion by Northgate