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...A senior executive at a Toyota leasing subsidiary has warned that the world’s largest carmaker is confronting an “unprecedented” challenge to revive its electric vehicle sales, as it risks missing its already...
...C919 passenger jet outside China, state-backed aircraft maker Comac headed to Singapore — a clear sign that the would-be rival to Boeing and Airbus saw south-east Asia as its best opportunity for overseas sales...
...The sale price was not disclosed. People with knowledge of the decision said the sale had been planned by Credit Suisse’s management team before its rescue by UBS this year....
...It has estimated the potential size of the country’s leasing market at $1bn or more....
...Leasing costs tied to Metro’s network of 76 branches were also unappealing for HSBC, said one of the people....
...Standard Chartered, which is streamlining its business, said it expects to receive a gain of $300mn from the sale of its leasing business to AviLease, which will raise its common equity tier one capital...
...Lakshmi Moorthy, UK head of BNP Paribas’ leasing group Arval, said it will “take time” for consumers to be confident to make the switch....
...“It’s like mobilising an army, and then telling them to get back in the barracks for a few years,” said Toby Poston, a director at the British Vehicle Rental and Leasing Association....
...Aaron Callaghan at LeasePlan Ireland, the country’s largest vehicle leasing business, said the tax changes were taking “some of the wind” out of SUV demand....
...“The sale of Signa Holding’s Cessna Citation XLS private jet is under way . . ....
...It has made previous acquisitions in the sector such as the 2018 deal for trailer leasing firm TIP....
...Two years ago, car leasing group Octopus EV could barely keep up with the red-hot demand for Teslas that accounted for half its sales....
...The milestone comes as Hammerson this week completed a £500mn programme of asset sales launched in 2021, with the £111mn sale of Aberdeen’s major shopping centre to US investor Lone Star....
...But carmakers want their customers to qualify for the full tax credit, which can boost sales by making EVs cheaper, and many cannot do so under the purchasing requirements....
...The record-low number of planned sales in nearly a half century of federal offshore leasing was a fraction of those in an original proposal for 47 made under former president Donald Trump....
...Biden had promised no new oil and gas leasing on federal lands as president, signing an executive order in his first month of office to pause new sales....
...However, dealers’ commissions were widely calculated as a percentage of the total interest a consumer was charged, meaning they had an incentive to secure sales at higher rates....
...Earlier this year he was sued by a leasing company, which alleged he failed to pay about $1.3mn in charges for a private jet. JDS has described the lawsuit as meritless....
...commercial mortgages tied to US offices will come due this year, according to data from the Mortgage Bankers Association, part of a wall of looming maturities that is contributing to expectations of distressed sales...
...Dozens of countries, from the UK to France and Norway, plan to phase out the sale of engine-driven cars by 2040 or earlier....
...The 24,000-seater Select Car Leasing stadium used by the team is owned separately by Dai....
...Strong Black Friday sales and fewer strikes also helped....
...The group also has other investments in the UK including energy solutions group Aggreko and trailer leasing company TIP....
...Exclusive: Boeing’s financial targets must “take a back seat” as it focuses on safety, warned Aengus Kelly, chief executive of the world’s biggest aircraft leasing company AerCap....
...The first lease sales would be held in 2023....
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