Stellantis reaches agreement with Santander Brasil to boost value creation

Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganise their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes:

Stellantis reaches agreement with Santander Brasil to boost value creation

Nov 30, 2022

Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganise their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes:

UK automotive commits to workforce diversity and inclusion with landmark industry Charter

Sixteen of the UK automotive industry’s biggest brands have come together to launch the sector’s first Automotive Diversity & Inclusion Charter. The founding signatories, representing a fifth of the sector’s manufacturing workforce, as well as organisations including Unite the Union and the Society of Motor Manufacturers and Traders (SMMT), are pledging a collective, public commitment to create a diverse, equitable and inclusive (DE&I) workforce that is reflective of wider society. The landmark initiative will support ongoing efforts to retain and attract top talent as the industry undertakes its biggest technological and industrial transformation in more than a hundred years amid critical skills shortages.

UK automotive commits to workforce diversity and inclusion with landmark industry Charter

Nov 29, 2022

Sixteen of the UK automotive industry’s biggest brands have come together to launch the sector’s first Automotive Diversity & Inclusion Charter. The founding signatories, representing a fifth of the sector’s manufacturing workforce, as well as organisations including Unite the Union and the Society of Motor Manufacturers and Traders (SMMT), are pledging a collective, public commitment to create a diverse, equitable and inclusive (DE&I) workforce that is reflective of wider society. The landmark initiative will support ongoing efforts to retain and attract top talent as the industry undertakes its biggest technological and industrial transformation in more than a hundred years amid critical skills shortages.

Mixed economy of EV charging presents infrastructure challenges

With the UK registering its one millionth EV registration during September, Cox Automotive has highlighted the importance of rapidly scaling up infrastructure. Within the document, Tom Callow, Head of External Affairs at myenergi, and Philip Nothard, Insight and Strategy Director at Cox Automotive, discuss the inevitability of the mass adoption of electric vehicles and the evolution of infrastructure that is required to keep up.

Mixed economy of EV charging presents infrastructure challenges

Nov 21, 2022

With the UK registering its one millionth EV registration during September, Cox Automotive has highlighted the importance of rapidly scaling up infrastructure. Within the document, Tom Callow, Head of External Affairs at myenergi, and Philip Nothard, Insight and Strategy Director at Cox Automotive, discuss the inevitability of the mass adoption of electric vehicles and the evolution of infrastructure that is required to keep up.

EMEA

Rising cost of living continues to impact used car prices and EV demand

Nov 21, 2022

Used car prices fell marginally by -0.3% in October but overall prices are still 24.8% higher than at the start of 2021 according to INDICATA UK’s latest Market Watch insights report. In the first 10 months of 2022 prices have fallen by -4.0% with the UK remaining the only country in Europe to experience a fall.

Americas

Stellantis to set up US auto finance captive with First Investors acquisition

Sep 03, 2021

Dutch-owned Stellantis is to pay approximately $285 million to acquire Houston-based First Investors Financial Services Group as the first step in creating a US-based finance arm. The company, formed at the beginning of the year from the merger of FCA and PSA, is the only major OEM currently operating in the US without a captive auto finance company.

Asia Pacific

Toyota Finance New Zealand partners with Ephesoft on digital transformation initiative

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 and processing of key forms and documents. The Transact platform uses artificial intelligence, machine learning and cloud-based services to automate document processing and will integrate with the finance company’s existing loan origination system.