TOKYO -- Mitsubishi UFJ Lease & Finance and Hitachi Capital will start a leasing business in Mexico as soon as next fiscal year, hoping to capture demand from the country's growing automotive industry.
The pair, which are expected to sign a deal Wednesday, will set up a Mexican company or office to lease equipment to Japanese automakers and parts suppliers. Envisioned transactions include so-called leaseback arrangements -- in which an owner sells equipment and then leases it from the new owner. The partners also will work with truck dealers and lease the vehicles, or offer loans to companies seeking to purchase trucks.
