Crédit Agricole Consumer Finance said the company is investing in Cosmobilis, the holding company of ByMyCAR, the French car distribution group in Europe. CA Consumer Finance will be subscribing to 100% of Cosmobilis' capital increase, for an amount of 100 million euros, with the help of IDIA Capital Investissement, a unit of the Crédit Agricole Group.
Also, CA Consumer Finance and Cosmobilis are entering into exclusive talks to create a pan-European joint venture for automotive financing activities. The operational launch of the joint venture should take place in the first half of 2023, the companies noted.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.