Stellantis (NYSE: STLA)* today confirmed a new, organization for financing and leasing services in Europe with the establishment of Stellantis Financial Services (formerly Banque PSA Finance) and Leasys (consolidating the activities of Leasys and Free2move Lease) organizations. Because of the two new organizations, Stellantis now has all-brand captive finance and leasing companies operating in Europe.
One objective is to become the European leasing leader with the target of reaching a fleet of one million vehicles by 2026. With its financial services arms, Stellantis wants to double its net banking income by 2030. (autoinformed.com on:Stellantis Consolidates Financial Services for All Brands; Stellantis to Consolidate Financial Services in China)
“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands**, and strengthened competitiveness by leveraging various synergies.”
Stellantis also confirmed that Crédit Agricole Consumer Finance has acquired the 50% stake in FCA Bank Group that was previously owned by Stellantis. The relevant antitrust authorities and market regulators approved the execution of these various operations. The new websites www.StellantisFinancialServices.com and www.leasys.com are online today.
*(NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP)
** Stellantis brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stellantis Simplifies European Financing and Leasing Services
Stellantis (NYSE: STLA)* today confirmed a new, organization for financing and leasing services in Europe with the establishment of Stellantis Financial Services (formerly Banque PSA Finance) and Leasys (consolidating the activities of Leasys and Free2move Lease) organizations. Because of the two new organizations, Stellantis now has all-brand captive finance and leasing companies operating in Europe.
One objective is to become the European leasing leader with the target of reaching a fleet of one million vehicles by 2026. With its financial services arms, Stellantis wants to double its net banking income by 2030. (autoinformed.com on:Stellantis Consolidates Financial Services for All Brands; Stellantis to Consolidate Financial Services in China)
“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands**, and strengthened competitiveness by leveraging various synergies.”
Stellantis also confirmed that Crédit Agricole Consumer Finance has acquired the 50% stake in FCA Bank Group that was previously owned by Stellantis. The relevant antitrust authorities and market regulators approved the execution of these various operations. The new websites www.StellantisFinancialServices.com and www.leasys.com are online today.
*(NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP)
** Stellantis brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.