Volvo Cars has taken a strategic minority stake in online auto marketplace Carwow through the Volvo Cars Tech Fund, its venture capital arm. The manufacturer said its aim was to gain insights in areas such as online sales, customer acquisition and content creation, which will help its shift towards online and direct customer relationships. Its online sales strategy is based on changing consumer behaviours and industry trends, in combination with its ambition to be a leading pure electric car brand by 2030.
Apr 29, 2022
Volvo Cars has taken a strategic minority stake in online auto marketplace Carwow through the Volvo Cars Tech Fund, its venture capital arm. The manufacturer said its aim was to gain insights in areas such as online sales, customer acquisition and content creation, which will help its shift towards online and direct customer relationships. Its online sales strategy is based on changing consumer behaviours and industry trends, in combination with its ambition to be a leading pure electric car brand by 2030.
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DLL, global provider of asset-based financial solutions, has reported strong results for the 2021 business year, recording net profits of €586m, a 226% increase on the prior year. The company saw both portfolio and income growth over the period, while risk costs improved significantly due to more favourable economic conditions in key markets. Excluding currency movements, DLL’s portfolio balance grew by 3% to hit €37.4bn.
Apr 29, 2022
DLL, global provider of asset-based financial solutions, has reported strong results for the 2021 business year, recording net profits of €586m, a 226% increase on the prior year. The company saw both portfolio and income growth over the period, while risk costs improved significantly due to more favourable economic conditions in key markets. Excluding currency movements, DLL’s portfolio balance grew by 3% to hit €37.4bn.
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Alfa Financial Software has reported strong revenue growth in the first quarter of the year, hitting £22.5m, up more than 10% on the same period last year. The company, a leading developer of mission-critical software for the asset finance industry, worked more chargeable days in March than at any time in its history, and said it expects these high levels of chargeability to continue.
Apr 28, 2022
Alfa Financial Software has reported strong revenue growth in the first quarter of the year, hitting £22.5m, up more than 10% on the same period last year. The company, a leading developer of mission-critical software for the asset finance industry, worked more chargeable days in March than at any time in its history, and said it expects these high levels of chargeability to continue.
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UK start-up Urban-Air Port is showcasing the future potential of air taxis and autonomous delivery drones in a month-long trial at a specially constructed hub in Coventry. The ground infrastructure developer is working in partnership with Supernal, the company which has evolved from Hyundai Motor Group’s urban air mobility division. Hyundai is developing a family of electric air vehicles and convening public and private stakeholders in a bid to gain a share of the emerging advanced air mobility (AAM) industry, with plans to launch its first commercial flight in 2028.
Apr 26, 2022
UK start-up Urban-Air Port is showcasing the future potential of air taxis and autonomous delivery drones in a month-long trial at a specially constructed hub in Coventry. The ground infrastructure developer is working in partnership with Supernal, the company which has evolved from Hyundai Motor Group’s urban air mobility division. Hyundai is developing a family of electric air vehicles and convening public and private stakeholders in a bid to gain a share of the emerging advanced air mobility (AAM) industry, with plans to launch its first commercial flight in 2028.
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Hampshire Trust Bank (HTB) has appointed Scott Riley as sales manager, specialist cars and vehicle stock finance in the bank’s Asset Finance division. Riley brings over 20 years’ experience in the car finance sector to the bank, having previously worked as a senior account manager for JBR Capital and Close Brothers Motor and prior to that was general sales manager dealing with Jaguar Land Rover, Mercedes and BMW.
Apr 26, 2022
Hampshire Trust Bank (HTB) has appointed Scott Riley as sales manager, specialist cars and vehicle stock finance in the bank’s Asset Finance division. Riley brings over 20 years’ experience in the car finance sector to the bank, having previously worked as a senior account manager for JBR Capital and Close Brothers Motor and prior to that was general sales manager dealing with Jaguar Land Rover, Mercedes and BMW.
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