Santander Consumer Finance e Stellantis stanno rinegoziando i termini della partnership che hanno stabilito nel 2014 per finanziare i veicoli Peugeot, Citroën e DS, e hanno firmato un accordo non vincolante che stabilisce le condizioni per il finanziamento dei veicoli di tutti i marchi del gruppo automobilistico in 7 Paesi europei: Belgio, Francia, Italia, Paesi Bassi, Polonia, Portogallo e Spagna.
Di seguito, il Comunicato Stampa di Santander Consumer Finance.
Santander Consumer Finance renegotiates its partnership with Stellantis
Santander Consumer Finance and Stellantis are renegotiating the terms of the partnership they established in 2014 to finance Peugeot, Citroën and DS vehicles, and have signed a non-binding agreement setting forth the conditions to finance the vehicles of all the automobile group’s brands in seven European countries: Belgium, France, Italy, the Netherlands, Poland, Portugal and Spain.
Under the proposed new terms of the collaboration, Santander Consumer Finance and Stellantis would act as captive finance provider on an exclusive basis in the credit and finance lease, and on a non-exclusive basis in the operational lease for private customers, for all the brands of the auto manufacturer within the aforementioned countries. The brands are: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, RAM and Vauxhall.
As part of the proposed transaction, Santander Consumer Finance would sell its stakes in PSA Bank Deutschland GmbH, including its Austrian branch, and PSA Finance UK Ltd to BNP Paribas Personal Finance.
Commenting on the partnership, Jose Antonio Alvarez, Santander Chief Executive Officer, said: “We have developed a strong partnership with Stellantis over the past seven years and together we have helped to support millions of customers. We look forward to working together even more closely and further strengthening our position of leadership in the European consumer finance sector.”
Carlos Tavares, Stellantis Chief Executive Officer, said: “After the successful cooperation with Santander since 2014 within our common JV, Stellantis is very keen to develop even further the scope of our activities with Santander to offer the best financing solutions to our customers and dealers.”
The proposed new terms of the co-operation would start to be applied during the first half of 2023. The deal is entering a phase of information and consultation with the relevant employee representative bodies and is subject the corresponding authorities’ approval.
With these proposed new terms and conditions, Santander Consumer Finance would strengthen its leading position in the European auto finance market – in which the company will finance around two million vehicles in 2021 – by adding a significant number of auto brands to its existing captive finance business.
Santander Consumer Finance currently operates in 16 European countries – Austria, Belgium, Denmark, Finland, France, Germany, Greece, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the UK –, offering a wide range of consumer finance solutions through auto dealers and retail outlets, for which it has developed a unique, specialized business model. It is also present in Canada and China. Santander Consumer Finance is part of Banco Santander, one of the largest financial groups in the world.