Two months have passed since Marangoni Meccanica changed hands, exiting the Marangoni Group with 10 million euros of recapitalization from new local partners: The Finanziaria Trentina, Alpenring, the South Tyrol-based financial firm Caran and now Marangoni Meccani has appointed a new CEO and broadened its board make-up. All this amounts to a “restart”, according to […]
Servicesure Autocentres are offering two financial solutions to help centres increase business.
First there’s a new ‘Savings Plan’ that enables motorists to set aside regular amounts to put towards the cost of car maintenance at a later date, so there’s money ready for any unforeseen motoring bills.
Prometeon Tyre Group has arranged an inaugural 600 million euros of credit facilities consisting of 450 million euros of term facility and a 150 million euros of revolving facility. The new credit facilities mature on March 2020, with two one-year extension options. According to Prometeon, the credit facilities secure the firm’s “financial independence and autonomy following its separation from the Pirelli Group and optimise the company’s capital structure”.
Close Brothers Motor Finance is celebrating the 25th anniversary of its Sheffield branch. The motor finance firm, headquartered in Doncaster, opened its Sheffield branch in 1992, and has been one of the largest employers in Yorkshire region. Despite tough economic conditions over the years, the firm has continued its success in the region, working with over 2,076 dealers and helping to finance 65,000 cars worth nearly £440m pounds over the course of 25 years.
Euro Car Parts has launched its first specialist tool catalogue. The parts distributor said the introduction of the catalogue follows increased demand from repairers and professional technicians across the UK and Ireland. The 136-page catalogue is formatted to make it easier to choose from the full range of 10,000 plus tools available from Euro Car Parts – including brands like Gearwrench, Omega, Milwaukee and MasterPro.
Businesses in the automotive supply chain that need to invest in bespoke tools to complete contracts are to get specialist support, thanks to the launch of a new Tooling Finance product by Lloyds Bank Commercial Banking.