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Analyst Ratings For Santander Consumer USA
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Santander Looks To Buy Remaining Shares of Its Auto Lender
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DC residents should begin receiving money from multistate auto financing settlement, AG says
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NXCR Announces Complete Senior Management Team Ahead of Product Launch and Acceleration Phase
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SANTA MONICA, Calif., March 2, 2021 /PRNewswire/
NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform for dealers, automakers, and third-party listing sites, announced seven key management appointments as part of its product and technology launch and acceleration phase. Company building starts with being able to attract and retain the best talent. Given the capital intensity of vehicle subscriptions and the sheer potential of the automotive market at this time, we have taken the unique approach of recruiting and hiring a world-class public company ready executive team right at the onset, said Scott Painter, Founder & CEO of NXCR.
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Volvo Car Financial Services UK has been launched as a joint venture between Volvo Cars and Santander Consumer UK.
The partnership follows a 10-year co-operation between the two businesses, where Santander has provided funding to Volvoâs UK retailers and customers on a âwhite labelâ basis, trading as Volvo Car Financial Services.
The new company will be a 50:50 partnership, with Volvo Cars and Santander Consumer UK as equal shareholders.
Volvo Car Financial Services UK will provide wholesale funding to Volvo Carsâ UK retailer network and provide finance for customers purchasing new and used Volvos.
It will benefit from the expertise and back-office systems support from Santander, while establishing a dedicated team that will work closely with Volvo Car UK, to ensure even closer alignment to the brandâs aspirations for continued growth in the UK.