This agreement is the next step in the development of synergies within the Renault-Nissan-Mitsubishi Alliance. It covers a wide range of services, from financing for retail and corporate customers to dealer stocks financing, as well as maintenance, assistance and insurance services. M Motors Automobiles France will benefit from Mobilize Financial Services' ability to offer a complete range of attractive financing packages, thus supporting the growth strategy that Mitsubishi Motors has set itself in France.
The vehicle finance offers will be marketed under the brand name Mobilize Financial Services.
For Patrick Gourvennec, President of Mitsubishi Motors in France: "This partnership will enable the brand to offer a "360°" service to its retail and corporate customers thanks to the complete range of services that Mobilize Financial Services will provide to the entire dealer network. This new collaboration comes at the right time to support the brand's relaunch in Europe with the imminent launch of the new ASX and the new Colt by next autumn".
Thibault Paland, Chief Executive Officer of Mobilize Financial Services France said: "We are proud to offer our innovative financing solutions to Mitsubishi Motors’ customers in France. With this partnership, Mobilize Financial Services now finances all brands of the Renault-Nissan-Mitsubishi Alliance in France. As a captive, we are a privileged partner that facilitates access to mobility by meeting the needs of users.”
about Mobilize Financial Services
As a partner caring for all its customers, Mobilize Financial Services builds innovative financial services to create sustainable mobility for all. A subsidiary of the Renault Group whose activity started almost 100 years ago, Mobilize Financial Services is the commercial brand of RCI Banque SA, a French Bank specializing in automotive financing and services for Alliance customers and dealers. With operations in 35 countries and nearly 4,000 employees, the group financed over 1.2 million contracts (new and used vehicles) in 2022 and sold 3.8 million services. At end 2022, average performing assets stood at €44.7 billion in financing and pre-tax income at 1,050 million euros. Since 2012, the group has rolled out a deposits collection business in several countries. At the end of December 2022, net deposits collected totaled €24.4 billion or 49% of the company's net assets.
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about M Motors Automobiles France
M Motors Automobiles France (MMAF) is the exclusive importer and distributor in France (Metropolitan France, Martinique, Guadeloupe, Guyana and Reunion) of Mitsubishi Motors vehicles, parts and accessories. Since 2011, it has been part of the Emil Frey Group, leader of the automotive distribution in France. MMAF's dealer network consists of 151 locations. In 2022, MMAF achieved nearly 3,500 registrations (VN & VU), representing 0.17% of the French market.