Stellantis has set its sights on becoming the automotive sector’s “European leasing leader” after restructuring its finance and leasing operations.

The car manufacturing giant is aiming to broaden its multi-brand mobility offering and double its net banking income by end of decade as part of Dare Forward 2030 strategic plan and revealed to day (April 4) that the conclusion of a restructure designed to facilitate the shift.

The move has resulted in the formation of Stellantis Financial Services (formerly Banque PSA Finance) and a newly restructured Leasys operation (consolidating the activities of Leasys and Free2move Lease) in partnership with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance and Santander Consumer Finance.

It marks the end of a process which got underway with negotiations started back in December 2021.

Under the new model Stellantis Financial Services will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.