Auto finance news - Asia

 

Jan 28, 2020: Toyota Financial Services New Zealand (TFNZ) has partnered with Ephesoft to drive its automotive loan application and settlement processing. TFNZ will use Ephesoft’s Transact software within its loan operations team to automate the classification ...

 

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 fl...

 

Feb 18, 2019: Kuwait’s vehicle leasing industry is expecting long-term growth on the back of an improving economy and a reduced reliance on the oil and gas sector, according to a new report. Following a recent slump in the oil and gas sector, leasing companies ...

 

Feb 06, 2019: A new car subscription company in Japan launched by Toyota Financial Services and Sumitomo Mitsui Auto Service Company is offering to reduce fees for customers who drive safely and efficiently. The two companies are jointly funding Kinto, which ai...

 

Feb 05, 2019: Mazda Australia has confirmed a partnership with Toyota Finance Australia that will provide a range of services to dealers under the Mazda Finance brand. The agreement confirms reports of a deal which were revealed by Asset Finance International i...

 

Jan 07, 2019: As China’s megacities continue to swell in size, there is booming demand for vehicles within a growing middle class that needs access to transportation. China already leads global vehicle demand, ahead of the US and EU, according to the latest dat...

 

Aug 29, 2018: Renault has hosted the world premiere of its new Arkana global crossover model at the Moscow Motor Show. The C-segment SUV will go on sale in Russia in 2019 and will then be rolled out to key markets globally, focusing on Asia. There are currently...

 

Jul 23, 2018: China is leading global demand for new passenger vehicle sales in major markets, ahead of the US and EU, according to the latest data from ACEA, the European Automobile Manufacturers' Association. ACEA’s latest 29-page Economic and Market Report f...

 

May 23, 2018: China’s president Xi Jinping has announced a substantial widening of its market access programme that will create growth opportunities for foreign companies, including the auto finance sector. In response to the announcement, the People's Bank of ...

 

May 09, 2018: Increasing demand in Asia, particularly China and Japan, has been a key factor in global growth at Volkswagen Financial Services, the company has revealed. Overall, the company reported 613,000 new contracts for vehicle finance in the first quarte...

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