Fortune Auto Finance Co., Ltd.

Redford Auto Finance Limited

Redford Auto Finance Co., Ltd. is a joint venture company established by Anhui Jianghuai Automobile Co., Ltd. and Santander Consumer Finance Co., Ltd. with a registered capital of 2 billion yuan.

Company profile

The company's main business includes providing competitive vehicle loans for dealers and retail automobile consumer credit for customers. In addition, in the future, the joint venture will also provide commercial equipment loans, mainly including loans for the construction of automobile exhibition halls and loans for the purchase of spare parts and maintenance equipment; provide automobile financial leasing business; and provide customers with car purchase, financing consultation and agency services.

Introduction of JAC

Anhui Jianghuai Automobile Co., Ltd. (hereinafter referred to as "Jianghuai Automobile") is a comprehensive automobile manufacturer integrating R & D, manufacturing, sales and service of commercial vehicles, passenger vehicles and powertrain. The predecessor of the company is Hefei Jianghuai Automobile Factory, which was founded in 1964. In September 1999, it was restructured into a joint-stock enterprise under Anhui Jianghuai Automobile Group Co., Ltd. In 2001, it was listed on Shanghai stock exchange with the stock code of 600418.

The company covers an area of more than 4.6 million square meters, has more than 16000 employees, and has an annual production capacity of 700000 vehicles, 500000 engines and related core parts. In 2011, the company sold more than 460000 vehicles of various types, realizing the super rapid development with an average growth rate of 40% for 21 consecutive years.

At present, the company's leading products are: 6-12M bus chassis, 0.5-50t heavy, medium, light and micro trucks, Xingrui multi-functional commercial vehicles, 6-12 seat Ruifeng commercial vehicles (MPV), Ruiying off-road vehicles (SRV), C-class Binyue, B-class Heyue and Heyue RS, A-class Tongyue and Tongyue RS, A0 class Yueyue cars.

Santander

Santander consumer finance, S.A., established in 1963 in Spain, is a wholly-owned subsidiary of Banco Santander, S.A., as well as the main body of Santander group's consumer finance business. At the end of 2010, Santander Consumer Finance Co., Ltd. had a registered capital of 3.85 billion euros. As of December 31, 2010, the main data of Santander Consumer Finance Co., Ltd. are: assets of 60 billion euros, total revenue of 2.9 billion euros, net profit of 385 million euros.

Santander Consumer Finance Limited's main businesses include auto finance (new and used cars), personal loans, credit cards, leasing, consumer durables loans and other businesses. It mainly operates in the following countries: Spain, Germany, Poland, Portugal, Austria, Finland, Norway, Denmark, Czech Republic, Slovakia, Hungary, Netherlands and Belgium.