Fleet News

Fiat/ABN Amro launch pan-Euro lease venture

FIAT Auto and ABN Amro Lease Holdings - parent company of Lease Plan - have formed a leasing company to operate throughout Europe starting in Britain and France.

Fiat Auto owns 60% of the un-named new company, although it will be part of Fiat Auto Financial Services, and 40% will be held by ABN Amro Lease Holdings, Holland's largest bank. Lease Plan, along with GE Capital Fleet Services, is the largest European leasing company, and Fiat Auto will forge links with Lease Plan in each country. Fiat Auto (UK) will sell contracts through its Fiat and Alfa Romeo dealerships with Lease Plan supplying maintenance management and administration.

Andrew Brown, customer services director of Fiat Auto (UK) and a member of the steering company establishing the venture, said he expected the UK company to be trading in the first half of 1997.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee