The Stellantis automotive group a few weeks ago made the decision to invest in the finance company First Investors. This Monday, an official announced the finalization of this project. First Investors became his property and is now named Stellantis Financial Services US Corp. This project is obviously in order to support the growth plan in the United States to ensure a rise in it.
Short and medium term financing solutions
On Monday, First Investors is wholly owned by the Stellantis automotive group, as the purchase has just been finalized. In this way, its name becomes Stellantis Financial Services. The latter makes it possible to offer customers, dealers and American partners a comprehensive service that highlights short and medium-term financing solutions.
This can also concern consumer loans as well as rental contracts and inventory financing. These group missions were made public in a press release from the car manufacturer. Namely that the solutions offered by the group are perfectly suited to the needs of each client.
A well thought out goal and a great ambition
If the automobile group Stellantis made the decision to acquire the financing company First Investors and to baptize it in its name, it is to support its plan of growth in the United States. He wants an increase in growth in America in order to optimize his turnover. This was stated by Richard Palmer, the manufacturer’s chief financial officer.
This is the reason why the group had to spend a fortune for its acquisition. The creator of the Peugeot-Citroën and the Fiat-Chrysler indicates a management team with many years of experience. The group has provided for a truly experienced team to ensure the achievement of the objective of the newly acquired company.
F1 Holdings bought in September
The purchase of F1 Holdings, the parent company of First Investors Financial Services Group, was announced in September. The acquisition was made from a group of investors. The cost of it is $ 285 million.
Source Lefigaro
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