BNP Paribas will provide financial services to Jaguar Land Rover retailers and customers in nine European markets.
By early 2023, the ambition is to provide retailers and customers a full range of finance including stock financing, classic loans, lease-to-purchase, long-term lease and insurance products.
Francois Dossa, JLR’s executive director, strategy and sustainability, said: “We are proud to be joining forces with BNP Paribas to create the conditions for further growth and to write another chapter in the company’s history. This partnership enables us to offer competitive mobility financing solutions across key European markets to create unique and customer centric experiences as we continue to accelerate our Reimagine corporate strategy.
BNP Paribas COO Thierry Laborde added: “We are delighted to begin a strategic partnership with an iconic player in the automotive sector, particularly committed to sustainable mobility thanks to an ambitious strategy for the electrification of its vehicles. Our complementary areas of expertise are a key asset for making this partnership a success.”