(Boursier.com) — Stellantis presents its ambitions in leasing. The automotive giant unveils a new organization for the financing and leasing of its services in Europe, simplifying and strengthening its multi-brand capacity with the new financial services of Stellantis (formerly Banque PSA Finance) and Leasys (consolidation of the activities of the Leasys and Free2move Lease agencies ).
Following exclusive negotiations initiated on December 17, 2021, Stellantis announces the entry into force of its agreements with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance and Santander Consumer Finance. Banque PSA Finance is now rebranded as Stellantis Financial Services and will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.
Stellantis also announces the creation of a multi-brand operational leasing company Leasys, a 50/50 joint venture with Crédit Agricole Consumer Finance, following the consolidation with Leasys and Free2move Lease. Its objective is to become the European leader in rental with the objective of reaching a fleet of one million vehicles by 2026. The joint venture announced in March 2023 that it had signed an agreement for the acquisition of ALD and LeasePlan’s activities in Portugal and Luxembourg respectively, which immediately accelerated the companies’ growth plans.
Stellantis’ strategy, as defined in the Dare Forward 2030 strategic plan, is to strengthen its financial services activities, with the aim of doubling its net banking income by 2030. This new organization will also allow it to be creator of value for all financing activities.
“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and the newly consolidated Leasys company,” said Philippe de Rovira, Chief Affiliates Officer Stellantis. “This simplification allows greater agility in serving our customers, stronger support for sales of Stellantis brands and development of our competitiveness by taking advantage of numerous synergies”. Stellantis also confirms that Crédit Agricole Consumer Finance has taken a 50% stake in FCA Bank which was previously owned by Stellantis.
The relevant antitrust authorities and market regulators have approved the execution of these various transactions.
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