Volkswagen Financial Services (VWFS) has placed three bonds for €2.25bn (£1.95bn) in total volume, as well as AUD 750m (£407m, €467m) in securities backed by Australian receivables.…
China’s Geely buys 10% stake in Daimler
China’s Geely has indirectly bought a 9.69% stake in Daimler, worth $9bn (€7.2bn, £6.4bn).…
Toyota FS grows income in last quarter of the year
Toyota Financial Services (TFS) grew its operating income 4% year-on-year to ¥76.6bn (£503m) in the three months to December, o r Q3 in the company’s …
Renault-Nissan-Mitsubishi in $200m mobility venture firm: reports
The Renault-Nissan-Mitsubishi alliance is setting up a $200m venture fund for mobility startups, as VW and Hyundai partner with self-drive startup Aurora.…
Alibaba expands further into Chinese automotive retail space
Chinese e-commerce giant Alibaba has added partnerships with BMW and Volvo to its rapidly expanding presence in the automotive retail space. Volvo, part of Hangzhou …