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Global Automotive Finance Companies 5.1 Volkswagen Financial Services AG 5.1.1 Profile 5.1.2 Development Course 5.1.3 Operation 5.2 Toyota Financial Services 5.2.1 Profile 5.2.2 Operation 5.3 BMW Financial Services 5.3.1 Profile 5.3.2 Operation 5.4 Mercedes-Benz Financial Services 5.4.1 Profile 5.4.2 Operation 5.5 Volvo Financial Services 5.5.1 Profile 5.5.2 Operation 6. Chinese Automotive Finance Companies 6.1 GMAC-SAIC 6.1.1 Profile 6.1.2 Business 7.1.3 Operation 6.1.4 Dealer Finance Business 6.1.5 Financing Channel 6.2 Volkswagen Finance China Company Limited 6.2.1 Profile 6.2.2 Development Course 6.2.3 Business 6.2.4 Development Plan 6.3 Toyota Auto Finance (China) 6.3.1 Profile 6.3.2 Business 6.3.3 Establishment of Auto Leasing Company 6.4 Ford Motor Credit Company (China) 6.4.1 Profile 6.4.2 Business 6.5 Mercedes-Benz Auto Finance (China) 6.5.1 Profile 6.5.2 Business 6.6 Dongfeng Peugeot Citroen Auto Finance Company 6.6.1 Profile 6.6.2 Equity Change 6.6.3 Business 6.7 Volvo Automotive Finance (China) Co., Ltd. 6.7.1 Profile 6.7.2 Business 6.7.3 Cooperation with Shandong Lingong Construction Machinery 6.8 Dongfeng Nissan Auto Finance Co., Ltd. 6.8.1 Profile 6.8.2 Development Course 6.8.3 Business 6.8.4 INFITI Finance 6.8.5 Operation 6.8.6 Marketing Model and Financing Channels 6.9 Fiat Auto Finance Co., Ltd.
European markets and DJIA futures are also down. EXCLUSIVE ON CFOJ: Rupees dive hits earnings. The plunging Indian rupee hit another record low against the dollar yesterday, and recently became the third major currency to lose 12% or more of its value this year, writes Maxwell Murphy. As the WSJ notes, the Feds plan to taper off its bond-buying program is exposing the fragility of Indias economy and underscoring the risks to emerging markets at a time of rising global interest rates.
Japan finance minister: no convincing reason to delay sales tax hike
Credit: Reuters/Issei Kato TOKYO | Wed Aug 21, 2013 2:30am EDT TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Wednesday that he has not heard of any convincing reasons why the government should delay a sales tax hike planned for next year. Aso, speaking at a press conference, also reiterated his view that there is no reason for the government to reconsider its schedule for tax increases. Under a multi-party agreement last year, the tax is to rise to 8 percent from 5 percent next April and to 10 percent in October 2015 to pay for rising welfare costs. However, the government must certify that the economy is strong enough to withstand the pain of the tax hikes before making a final decision by October on whether to carry out the plan. (Reporting by Stanley White; Editing by Shinichi Saoshiro)
The Morning Ledger: Ex-Finance Official’s Job Switch Makes Waves in Delaware
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