From FCA Bank, with the other 50% acquired by Credit Agricole Consumer Finance, CA Auto Bank was born, with the aim of “becoming a leading independent and multi-brand operator in Europe in the financing and leasing of vehicles and ‘green’ mobility” . The launch took place today at the headquarters of the National Cinema Museum in Turin, where the operation and the objectives of the new bank were illustrated by the president Stephane Priami and the CEO Giacomo Carelli. The birth of CA Auto Bank follows the agreements between the French group and Stellantis announced in 2021. The bank is present in 17 European countries and in Morocco and is aiming for a loan target of at least 10 billion euros; another goal is to have 80% of the new vehicle portfolio made up of electric and hybrid models by 2030. It employs 1,900 people. Ca Auto Bank collaborates with over 30 brands, active in various mobility sectors, from historic brands such as Ferrari, McLaren, Lotus to more recent brands such as VinFast. DR. At the same time, the development of the range of rental, leasing and mobility solutions proposed by Drivalia will continue, the mobility company of the CA Auto Bank group which has an electrical infrastructure development plan, with the goal of 3,500 charging points in Europe by 2026 and a fleet of 200,000 vehicles within 3 years, 55% of which made up of electric and hybrid models. “The history of CA Auto Bank began almost a century ago, in 1925, with the birth of Sava – recalled Carelli – the first financial company in Italy dedicated to the car market. And today the new bank wants to be a leader in the transition towards green mobility”.
Source: Ansa
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