CA Auto Bank renews the financial collaboration with Ferrari in Europe
CA Auto Bank S.p.A., the bank controlled by Crédit Agricole Personal Finance & Mobility, announces the renewal of its financial collaboration with Ferrari N.V. (NYSE/MTA: RACE) to jointly manage Ferrari Financial Services GmbH (“FFS”).
Under the terms of the renewed agreement the collaboration, launched in 2016 and successfully developed in the last 8 years, will continue to support Ferrari’s commercial strategy in Germany, the United Kingdom and Switzerland, with potential for further expansion in Europe.
FFS offers innovative and highly personalized financial solutions for Ferrari clients, covering the full sports car line up of Ferrari, from new to pre-owned, classic and racing cars.
“The renewal of the agreement with CA Auto Bank confirms the high value of our collaboration. Together, we are able to offer our clients customized financial solutions for the entire exclusive sport cars line up,” said Antonio Picca Piccon, Ferrari Group’s CFO and Head of Financial Services. “We are delighted to continue this journey with a company that shares our commitment to excellence and innovation“.
“We are extremely proud to renew our agreement with Ferrari, a brand that represents the pinnacle of technology and performance in the luxury sportscars space. Our continued collaboration is a testament to the success and mutual trust we have built over the years,” said Stephane Priami, Chairman of CA Auto Bank and CEO of CA Personal Finance & Mobility. “CA Auto Bank, a pan-European leader in vehicle financing and leasing, will continue to be committed to providing high quality financial solutions that match the level of performance and emotion that each and every Ferrari offers“.
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