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BNP Paribas in exclusive talks to buy Mercedes-Benz's car-leasing unit in $1.2 billion dealBNP Paribas is in exclusive talks to acquire Mercedes-Benz's car-leasing subsidiary, Athlon, for approximately 1 billion euros. This acquis...- BNP Paribas hits Q1 profit estimates after trading jumpBNP Paribas reported first-quarter earnings aligning with expectations, propelled by robust sales in its investment banking division. Despi...
- Leasing model behind Europe's EV drive at risk of breakdownEurope's auto leasing firms have doubled their prices for electric cars due to low resale values. Cuts in subsidies for new EVs in key mark...
- Tesla doing damage-control, discounts for European fleet buyersTesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesl...
- 'Conman' Kiran Patel booked for illegal house grab bid in Ahmedabad; faces 4 FIRs in GujaratEarlier this month, the Jammu and Kashmir police arrested Patel from a five-star hotel in Srinagar after authorities became suspicious abou...
- Corporate executives rush to foreclose car leases before GSTCab aggregators such as Uber and Ola that have about 30,000 leased cars also face this threat. Lease rentals could rise by 25-30% in the GS...
- Demand for car leasing market robust at 15-20%: Suvajit Karmakar, ALD AutomotiveALD Automotive manages a fleet in excess of 8500 vehicles catering to more than 650 corporate customers in over 250 locations across India.
- BNP Paribas infuses Rs 570 cr in Indian operationsBNP Paribas, a major European banking group, has infused 100 million euros or about Rs 570 crore by way of fresh equity in its Indian opera...
- Leased cars help in retaining staffAs corporate India outdoes each other on retaining employees, car leasing companies are cashing in on the trend.
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