8/14/2023 0 Comments Jaguar land roger![]() ![]() The French banking group has a track record of forging partnerships with automotive manufacturers. JLR is just one European carmaker linking up with BNP Paribas. Prior to establishing its current working relationship with BNP Paribas, JLR worked with FCA Bank – a joint venture between FCA and Crédit Agricole. ![]() BNP Paribas is fully committed to building a truly integrated service covering all types of mobility financing needs, across nine strategic markets in Europe.’ ![]() Thierry Laborde, chief operating officer of BNP Paribas said: ‘This long-term partnership with JLR stems from our successful association in complementary areas of expertise, which places sustainability and innovation at the heart of the businesses, in order to better serve customers and retailers. This will span traditional loans, lease-to-purchase, long-term lease, ‘buy now, pay later’, insurance, and services products. JLR retail partner networks and clients operating in these countries now have access to a suite of retail financing solutions, insurance and services, as well as wholesale financing. The launch of this new financial framework means that products and services are now available in nine European countries, spanning Germany, Italy, France, Spain, Belgium, Luxemburg, Netherlands, Austria and Portugal. The carmaker cited an easing in semiconductor supply challenges, helping boost profitability. This compares to a £9 million (€10 million) loss during the same period in 2021. The news comes as JLR posted a pre-tax profit of £265 million (€301 million) for the three months to December 31, 2022. More generally, JLR and BNP Paribas are looking to develop an offering that covers all aspects of mobility financing needs, delivering end-to-end connectivity as well as ‘modern luxury experiences from website to showroom.’ That plan seems to be on schedule, and the launch of these new services signals the completion of the first phase of this joint vision. JLR and BNP Paribas initially partnered up in February 2022, aiming to broaden automotive financing services by early 2023. The services will be aimed at customers of JLR’s Range Rover, Defender, Discovery and Jaguar models. Jaguar Land Rover (JLR) has launched a suite of mobility financing services across nine European markets, as part of a strategic partnership with BNP Paribas. Our goal is to select the ideas that play to our strengths and develop them into winning businesses.Cautious optimism for Swiss automotive market in 2023 In qualifying, drivers who fail to set a lap within 107% of the fastest qualifying time are not allowed to start. The name Studio 107 is a nod to the 107% rule in motorsport. InMotion’s mobility services arm Studio 107 works closely with our parent company Jaguar Land Rover to build new services in the urban mobility sector. Our current portfolio comprises 17 portfolio companies. We are based in London and invest globally. ![]() We invest in early-stage technology companies from Seed to Series B that change the face of urban mobility, support an active outdoor lifestyle and deliver unique travel experiences. InMotion Ventures is Jaguar Land Rover’s venture capital fund. The business supports entrepreneurs and innovators researching future sustainable transport options that will change the way people move around. Powered by Jaguar Land Rover, InMotion invests in the future of mobility and travel. ![]()
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