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mlive.com/business
BMW financial eager to drive a lending road to non-BMW buyers
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BMW, Honda, make announcements on Monday
[url=http://www.bmwgroup.com/e/nav/index.html?../0_0_www_bmwgroup_com/home/home.html&source=overview]BMW AG: Share price performance
BMW Press: News and press releases from the official BMW sources
World of BMW News
The pioneers who saw the future
BMW GroupPress Club:
PressClub USA
BMW GROUP FINANCIAL SERVICESÔÇÖ U.S. PORTFOLIO OF SERVICED ASSETS CROSSES $25 BILLION THRESHOLD
10/29/2007
Significant Business Milestone Fueled By Strength Of Company's Traditional Financial Services Products And Introduction of New Business Lines
Woodcliff Lake, NJ - October 29, 2007... Underscoring its position as a recognized leader in the automotive financing arena, BMW Group Financial Services this month surpassed the $25 billion threshold for its U.S. portfolio of serviced assets and grew its customer base to more than 700,000 contracts. The announcement was made today by Edward A. Robinson, President and Chief Executive Officer of BMW Group Financial Services.
Fueled by the success of the company's suite of traditional financial services products; the credit card and banking products offered through the BMW Bank of North America and the strong response to Alphera Financial Services - the new dealer-focused business line launched in October 2006 - the announcement marks a significant business milestone for the company.
"We are extremely pleased to announce Financial Services' crossing of this impressive business threshold - one which definitively places Financial Services into the upper echelon of automotive financial services companies," said Mr. Robinson. "This important milestone is a direct result of the dedicated professionalism of our associates; our eye towards innovation; venturing into new territories with our business; and, ultimately, the unmatched strength of the dealer and customer relationships and satisfaction for which Financial Services and all BMW business units are known."
In the fifteen years since the launch of BMW Group Financial Services, the company has strategically expanded its business beyond that of a traditional captive finance company, broadening its reach to dealers and customers to maintain a competitive edge in a continually changing business environment.
Alphera Financial Services, launched in October 2006 to provide BMW's award-winning customer service to other franchises owned by its dealers, has grown its portfolio to $532 million since its inception. Alphera, which offers retail loans and commercial finance products, is now broadening its service beyond BMW dealer-owned franchises to all new-car franchised dealerships. Alphera is backed by the same infrastructure that has helped BMW Financial Services earn the top ranking in dealer satisfaction for retail leasing in the J.D. Power and Associates Dealer Financing Satisfaction Study(SM) for four consecutive years.
In October 2007, BMW Group Financial Services entered the direct-to-consumer lending business with the launch of up2drive.com, an automotive financing website that features convenient loan services designed to empower the consumer through every step of the car buying and selling process. An important enhancement to its core business model, the launch of up2drive.com represents a strategic move by BMW Financial Services to reach the large and growing market of consumers moving online to conduct automotive financing.
About BMW Group Financial Services
BMW Group Financial Services was established in the U.S. in 1992 to support the sales and marketing efforts of BMW of North America. Since then, the group has expanded to provide service to markets in multiple countries and continues to evolve beyond its role as a captive finance unit.
BMW Group Financial Services offers a wide range of leasing, retail and commercial financing and banking products tailored to meet the needs of the BMW customer. The group also provides financing to BMW dealers for expanding dealership capabilities and enhancing overall operations. With more than $25 billion in serviced assets and 700,000 automotive lending customers, BMW Group Financial Services finances over half of the BMWs sold or leased in the United States. BMW Group Financial Services employs more than 900 people, including consultants and temporary workers, most of whom are located in the Hilliard, Ohio Customer Service Center.
In 2001, the MINI Financial Services division was established to provide support for the brand's dealer and customer networks by offering various financing and leasing options.
BMW Group Financial Services also offers an array of exciting credit card products through its subsidiary, the BMW Bank of North America. up2drive.com is a division of BMW Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA, LLC. BWW Insurance Agency, Inc., a property and casualty producer, is also part of BMW Group Financial Services.
Rolls-Royse Motor Car PressClub
ROLLSÔÇôROYCE APPOINTS NEW CORPORATE COMMUNICATIONS MANAGER FOR NORTH AMERICA
29.10.2007
Rolls-Royce Motor Cars today announced that Karen Vonder Meulen will join the company as the new Corporate Communications Manager for North America. She will assume her position at Rolls-Royce in January 2008, replacing Bob Austin, who will retire from the company at the end of 2007.
Vonder Meulen brings more than 15 years of communications and media experience to Rolls-Royce. She joined BMW North America in 1998, where she is presently the Marketing, Events, Sports and Cultural Communications Manager. In this role she has been responsible for media relations and communications strategy for a wide range of projects and initiatives, including the development of the companyÔÇÖs arts and culture program.
In her new position, Vonder Meulen will be responsible for Rolls-Royce corporate communications across the United States, Canada and Mexico. She will be located at the companyÔÇÖs North American headquarters at Woodcliff Lake, New Jersey.
ÔÇ£We are delighted to welcome Karen to our team at a pivotal moment in the companyÔÇÖs recent history,ÔÇØ commented Graham Biggs, the companyÔÇÖs worldwide Director of Corporate Communications, based at Goodwood. ÔÇ£North America is the largest market in the world for Rolls-Royce and KarenÔÇÖs communication role will be a vital one as we prepare for the launch of our new products in the coming years.ÔÇØ
Biggs noted that Austin had played an important role during the companyÔÇÖs start up phase. ÔÇ£We owe Bob a debt of gratitude for his hard work over the last five years. His contribution to the success of Rolls-Royce in North America has been significant and his professionalism and experience have been invaluable to us. We wish him a well deserved, long and happy retirement.ÔÇØ
Austin explained that he had thoroughly enjoyed his time at Rolls-Royce Motor Cars, but was now interested in spending more time with his family and pursuing his own interests. ÔÇ£I have been part of the team that helped to write the next chapter in the history of one the worldÔÇÖs most revered brands. For someone who loves brands, this was a rare privilege. I will miss Rolls-Royce and the great friends I have made hereÔÇØ.
Last year, Rolls-Royce Motor Cars sold 805 Phantoms world-wide, making it the leader in the super-luxury segment. Deliveries of the new four-seat convertible Phantom Drophead Coup?® model have just begun and a new coup?® model will join the Phantom line-up next year.
BMW Sauber F1: Website
BMW Motorsport
BMW Yachtsport
BMW Golfsport
BMW Oracle Racing
BMW Sport website
News:
thekneeeslider.com
VMAX Awakens Need 6
Link to: Need-6.com
thekneeslider.com
Rare Ner-A-Car rolls up at Barber Vintage Fest
motoclismo.com
Honda CB 400 SB and SF
Cage World
in.rediff.com
Ghosn in India for talks on small car
Packer News
jsonline.com
Packers Plus Online
The News-Record ÔÇô Gillette Wyoming
Bike Reviews:
motorcycle-usa.com
2007 Aprilia RSV1000R vs Ducati 1098S
Book Review:
thebeachcruiser.com
BikerÔÇÖs Handbook
By Jay Barbieri
Blog Update
Foreign Language Blogs
Gear:
motoring.co.za
Schuberth S1 heads a quiet revolution
webbikeworld.com
WomenÔÇÖs Joe Rocket Lotus Textile Jacket
Over Heard in New York | Voice of the City
Photography / Video:
<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/Pq9gBNlgkpw&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/Pq9gBNlgkpw&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
Links to the Photo Assignment threads:
10/27/07: Open Wide
10/19/07: Shadow of a Doubt
10/13/2007: Group Dynamic
10/06/2007: Blue
09/29/2007: Evolution
09/22/2007: Balance
09/15/2007: Where I Want to Be
09/08/2007: A Long Way to Go
M.R. Traveler
US Forest Service Fall Color Hotline
na.fs.fed.us
Why Leaves Change Color?
If you want the latest leaf color reports ...
NY 800-225-5697
VT 800-837-6668
MA 800-227-6277
ME 800-777-0317
RI 401-222-2601
CT 800-282-6863
The Best Fall Foliage Sites in America
TodayÔÇÖs RoadFood.com
Woot
Todays Woot
The Blog
xkcd A webcomic of Romance, Sarcasm, Math and Language
Sluggy Freelance
Bike Candy:
THE END
BMW in the News
mlive.com/business
BMW financial eager to drive a lending road to non-BMW buyers
TED: Ideas worth spreading
TED Blog,Conferences, Themes, Talks and Speakers
BMW, Honda, make announcements on Monday
[url=http://www.bmwgroup.com/e/nav/index.html?../0_0_www_bmwgroup_com/home/home.html&source=overview]BMW AG: Share price performance
BMW Press: News and press releases from the official BMW sources
World of BMW News
The pioneers who saw the future
BMW GroupPress Club:
PressClub USA
BMW GROUP FINANCIAL SERVICESÔÇÖ U.S. PORTFOLIO OF SERVICED ASSETS CROSSES $25 BILLION THRESHOLD
10/29/2007
Significant Business Milestone Fueled By Strength Of Company's Traditional Financial Services Products And Introduction of New Business Lines
Woodcliff Lake, NJ - October 29, 2007... Underscoring its position as a recognized leader in the automotive financing arena, BMW Group Financial Services this month surpassed the $25 billion threshold for its U.S. portfolio of serviced assets and grew its customer base to more than 700,000 contracts. The announcement was made today by Edward A. Robinson, President and Chief Executive Officer of BMW Group Financial Services.
Fueled by the success of the company's suite of traditional financial services products; the credit card and banking products offered through the BMW Bank of North America and the strong response to Alphera Financial Services - the new dealer-focused business line launched in October 2006 - the announcement marks a significant business milestone for the company.
"We are extremely pleased to announce Financial Services' crossing of this impressive business threshold - one which definitively places Financial Services into the upper echelon of automotive financial services companies," said Mr. Robinson. "This important milestone is a direct result of the dedicated professionalism of our associates; our eye towards innovation; venturing into new territories with our business; and, ultimately, the unmatched strength of the dealer and customer relationships and satisfaction for which Financial Services and all BMW business units are known."
In the fifteen years since the launch of BMW Group Financial Services, the company has strategically expanded its business beyond that of a traditional captive finance company, broadening its reach to dealers and customers to maintain a competitive edge in a continually changing business environment.
Alphera Financial Services, launched in October 2006 to provide BMW's award-winning customer service to other franchises owned by its dealers, has grown its portfolio to $532 million since its inception. Alphera, which offers retail loans and commercial finance products, is now broadening its service beyond BMW dealer-owned franchises to all new-car franchised dealerships. Alphera is backed by the same infrastructure that has helped BMW Financial Services earn the top ranking in dealer satisfaction for retail leasing in the J.D. Power and Associates Dealer Financing Satisfaction Study(SM) for four consecutive years.
In October 2007, BMW Group Financial Services entered the direct-to-consumer lending business with the launch of up2drive.com, an automotive financing website that features convenient loan services designed to empower the consumer through every step of the car buying and selling process. An important enhancement to its core business model, the launch of up2drive.com represents a strategic move by BMW Financial Services to reach the large and growing market of consumers moving online to conduct automotive financing.
About BMW Group Financial Services
BMW Group Financial Services was established in the U.S. in 1992 to support the sales and marketing efforts of BMW of North America. Since then, the group has expanded to provide service to markets in multiple countries and continues to evolve beyond its role as a captive finance unit.
BMW Group Financial Services offers a wide range of leasing, retail and commercial financing and banking products tailored to meet the needs of the BMW customer. The group also provides financing to BMW dealers for expanding dealership capabilities and enhancing overall operations. With more than $25 billion in serviced assets and 700,000 automotive lending customers, BMW Group Financial Services finances over half of the BMWs sold or leased in the United States. BMW Group Financial Services employs more than 900 people, including consultants and temporary workers, most of whom are located in the Hilliard, Ohio Customer Service Center.
In 2001, the MINI Financial Services division was established to provide support for the brand's dealer and customer networks by offering various financing and leasing options.
BMW Group Financial Services also offers an array of exciting credit card products through its subsidiary, the BMW Bank of North America. up2drive.com is a division of BMW Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA, LLC. BWW Insurance Agency, Inc., a property and casualty producer, is also part of BMW Group Financial Services.
Rolls-Royse Motor Car PressClub
ROLLSÔÇôROYCE APPOINTS NEW CORPORATE COMMUNICATIONS MANAGER FOR NORTH AMERICA
29.10.2007
Rolls-Royce Motor Cars today announced that Karen Vonder Meulen will join the company as the new Corporate Communications Manager for North America. She will assume her position at Rolls-Royce in January 2008, replacing Bob Austin, who will retire from the company at the end of 2007.
Vonder Meulen brings more than 15 years of communications and media experience to Rolls-Royce. She joined BMW North America in 1998, where she is presently the Marketing, Events, Sports and Cultural Communications Manager. In this role she has been responsible for media relations and communications strategy for a wide range of projects and initiatives, including the development of the companyÔÇÖs arts and culture program.
In her new position, Vonder Meulen will be responsible for Rolls-Royce corporate communications across the United States, Canada and Mexico. She will be located at the companyÔÇÖs North American headquarters at Woodcliff Lake, New Jersey.
ÔÇ£We are delighted to welcome Karen to our team at a pivotal moment in the companyÔÇÖs recent history,ÔÇØ commented Graham Biggs, the companyÔÇÖs worldwide Director of Corporate Communications, based at Goodwood. ÔÇ£North America is the largest market in the world for Rolls-Royce and KarenÔÇÖs communication role will be a vital one as we prepare for the launch of our new products in the coming years.ÔÇØ
Biggs noted that Austin had played an important role during the companyÔÇÖs start up phase. ÔÇ£We owe Bob a debt of gratitude for his hard work over the last five years. His contribution to the success of Rolls-Royce in North America has been significant and his professionalism and experience have been invaluable to us. We wish him a well deserved, long and happy retirement.ÔÇØ
Austin explained that he had thoroughly enjoyed his time at Rolls-Royce Motor Cars, but was now interested in spending more time with his family and pursuing his own interests. ÔÇ£I have been part of the team that helped to write the next chapter in the history of one the worldÔÇÖs most revered brands. For someone who loves brands, this was a rare privilege. I will miss Rolls-Royce and the great friends I have made hereÔÇØ.
Last year, Rolls-Royce Motor Cars sold 805 Phantoms world-wide, making it the leader in the super-luxury segment. Deliveries of the new four-seat convertible Phantom Drophead Coup?® model have just begun and a new coup?® model will join the Phantom line-up next year.
BMW Sauber F1: Website
BMW Motorsport
BMW Yachtsport
BMW Golfsport
BMW Oracle Racing
BMW Sport website
News:
thekneeeslider.com
VMAX Awakens Need 6
Link to: Need-6.com
thekneeslider.com
Rare Ner-A-Car rolls up at Barber Vintage Fest
motoclismo.com
Honda CB 400 SB and SF
Cage World
in.rediff.com
Ghosn in India for talks on small car
Packer Newsjsonline.com
Packers Plus Online
The News-Record ÔÇô Gillette Wyoming
Bike Reviews:
motorcycle-usa.com
2007 Aprilia RSV1000R vs Ducati 1098S
Book Review:
thebeachcruiser.com
BikerÔÇÖs Handbook
By Jay Barbieri
Blog Update
Foreign Language Blogs
Gear:
motoring.co.za
Schuberth S1 heads a quiet revolution
webbikeworld.com
WomenÔÇÖs Joe Rocket Lotus Textile Jacket
Over Heard in New York | Voice of the City
Photography / Video:
<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/Pq9gBNlgkpw&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/Pq9gBNlgkpw&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
Links to the Photo Assignment threads:
10/27/07: Open Wide
10/19/07: Shadow of a Doubt
10/13/2007: Group Dynamic
10/06/2007: Blue
09/29/2007: Evolution
09/22/2007: Balance
09/15/2007: Where I Want to Be
09/08/2007: A Long Way to Go
M.R. Traveler
US Forest Service Fall Color Hotline
na.fs.fed.us
Why Leaves Change Color?
If you want the latest leaf color reports ...
NY 800-225-5697
VT 800-837-6668
MA 800-227-6277
ME 800-777-0317
RI 401-222-2601
CT 800-282-6863
The Best Fall Foliage Sites in America
TodayÔÇÖs RoadFood.com
Woot
Todays Woot
The Blog
xkcd A webcomic of Romance, Sarcasm, Math and Language
Sluggy Freelance
Bike Candy:
THE END
