Hitachi Capital funds £10 million EV charging infrastructure in partnership with GRIDSERVE
Hitachi Capital funds £10 million EV charging infrastructure in partnership with GRIDSERVEJan 19, 2021
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FCA and PSA Group merger set to achieve £144 billion of revenuePSA Group and Fiat Chrysler Automobiles (FCA) have revealed that their plans for a merger have been approved by shareholders by an overwhelming majority – with more than 99% of the votes cast in favor of the transaction. The resulting business, named Stellantis, is set to be the world's fourth largest car maker, with combined revenues of £144 billion. By combining the efforts of two OEMs, Stellantis aims to sell more than 8.7 million vehicles each year and benefit from cost savings of £3.2 billion. There are currently no plans to close any plants.
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Volkswagen Financial Services set to “bring EVs to the masses” after surge in penetrationVolkswagen Financial Services (VWFS) is set to launch an electric vehicle (EV) finance package designed to keep car retailers as an integral part of the retail auto market. According to the captive, the new approach will protect the car by offering customers a minimum of a 2-year lease from new, and then reselling as an approved vehicle, all while being maintained and serviced by the retailer’s aftersales team. By doing this, car retailers will be able to keep in touch with customers when they come in for servicing, which is hoped to establish lasting relationships and inspire brand loyalty.
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