International Presence
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Automobile partnerships
Crédit Agricole Consumer Finance is a reference in automobile financing. More than 40% of its managed outstandings are related to automobile financing. The finance companies jointly hed with automakers model centres around the co-management of a “captive” automobile finance company, owned 50% by the automaker and 50% by Crédit Agricole Consumer Finance. Using this model, Crédit Agricole Consumer Finance makes its expertise in automobile financing available to its partners, in particular in relation to risk and financial management. Thus, it partners with automakers in financing their customers as well as the inventories of automobile dealerships.
FGA Capital
FGA Capital supports the Jaguar Land Rover business
Fiat Group Automobiles Financial Services, renamed FGA Capital in January 2009, is a 50/50 joint-venture set up in 2006 with Fiat Group Automobiles, our partner for the past 20 years. The new company manages financing operations for dealerships and customers of the Fiat, Lancia and Alfa Romeo brands.
The 2009 partnership deal between carmakers Fiat and Jaguar Land Rover has made FGA Capital a European “captive” company for the Jaguar and Land Rover marques. FGA Capital also covers financing requirements for Chrysler, Dodge and Jeep’s European customers since Chrysler Group LLC acquired a stake in Fiat Group Automobiles.
Key figures
Shareholding : 50% CA Consumer Finance / 50% FGA
Outstandings : €16,205 million
Employees : 1,811
Forso Nordic
Forso Nordic working with Ford in northern Europe
Born in 2008, Forso Nordic is a 50/50 joint venture between FCE Bank plc, the Ford group’s captive finance company in Europe, and Crédit Agricole Consumer Finance. Its core business is providing car financing solutions for the dealerships and customers of the Ford Group’s brands in Denmark, Finland, Norway and Sweden. Forso Nordic combines the resources and know-how of two experts in their field, both of which are confident in the growth potential of the Nordic automobile markets.
Key figures
Shareholding : 50% CA Consumer Finance / 50% Ford Group
Outstandings : €1,338 million
Employees : 137
Launch of a joint venture in China
Guangzhou Automobile Company (GAC), the sixth-largest automobile manufacturer in China, got their joint venture under way in July of 2010. The local car market is witnessing a very strong increase, with a 40% rise in vehicle registrations in 2010.
Key figures
Shareholding : 50% CA Consumer Finance / 50% GAC
Outstandings : €9 million
Employees : 103
