The Car and Truck Fleet and Leasing Management Magazine

Hotline News: The Latest in Fleet and Leasing News

March 2002, by Staff

Canon Group Signs Pan-European Fleet Deal

BRUSSELS, BELIGIUM - Canon Group signed a three year pan-European fleet leasing deal with GE Capital Fleet Services, which involves most of the 5,600 vehicles it operates in Europe. In addition to the lease funding agreement, GE Capital Fleet Services will provide fleet management and accident management services to the Canon Group in Europe.

 

Long-Time 3M Fleet Manager Retires

ST. PAUL, MN - Dick Martinson, long-time manager - fleet operations, retired from 3M Company in St. Paul on Feb. 13, 2002. Succeeding Martinson as the new manager - fleet operations for 3M is Shirley Roberts, the former fleet supervisor at 3M.

 

GM Reduces Daily Rentals; Truck Sales Up 10%

DETROIT - While GM sales were down 13 percent in the U.S. in January, due to a 58-percent reduction in daily rental volume, truck sales were up 10 percent over last year, midsize utilities were up 50 percent, and full-size pickup sales were up 20 percent.

 

DCX 7-Year/100K Limited Warranty to Fleets

AUBURN HILLS, MI - DaimlerChrysler Fleet Operations announced a promotion of a 7-year/100,000-mile limited warranty to qualified fleet customers. This promotion will run effective immediately through March 31, 2002. The powertrain limited warranty will pay the total cost (parts & labor), less $100 deductible per visit to correct a mechanical failure by a defect in materials or workmanship of a covered component for seven years after the factory warranty start date or until the vehicle odometer reaches 100,000 miles, whichever comes first. For additional details on the program go to: www.fleet-chrsysler.com

 

Treasury Urged to Act on Depreciation Limits

ISELIN, NJ - The National Association of Fleet Administrators (NAFA) has written to Paul O'Neill, secretary of the Treasury, supporting an increase in the depreciation deduction allowed on fleet vehicles.

NAFA's Executive Director David Lefever requested that O'Neill use the authority under current tax law to exempt trucks and vans from the depreciation limits in the tax code. Since the secretary's authority does not include charges for passenger cars, NAFA also asked him to support legislation sponsored by Sen. Kit Bond (R-MO), which would increase the depreciation limits on passenger cars.

 

First-Ever Investigtion of Crash Caused by Cell Phone

WASHINGTON, DC - The driver of a Ford Explorer was talking on a cell phone with her boyfriend when she lost control of the vehicle, which jumped over a guardrail, causing a five-fatality crash on the Beltway freeway in Washington, DC, on Feb. 1, 2002. The crash is the first ever that the National Transportation Safety Board (NTSB) has investigated the use of a cell phone as a possible factor, according to NTSB spokesman Ted Lopatkiewicz. "This is the first major accident we are investigating where cell phone use will be an issue. We expect down the road to investigate more crashes involving cell phones as they come up," he said.

 

Salex Fleet Changes its Name to DEFENDER

MELVILLE, NY - On Jan. 1, 2002 the Salex name was officially retired. Salex Fleet Services is now known as DEFENDER Fleet Services. Changing the company name was the last step in a total management and company reorganization.

 

Ford Cuts In-House Company Car Usage

DEARBORN, MI - Ford employees can no longer use company-owned pool vehicles for trips during the workday, according to an Associated Press report citing a memo to employees obtained by the The Detroit News. Such a move could affect the car insurance rates of thousands of Ford workers. The AP report suggests that the measure could be expected to save Ford about $4million a year and improve its cash flow by $10 million. Previously, Ford employees routinely checked out pool vehicles to travel between Ford's offices, plants, and other facilities during the working day. The AP report suggests that they will now have to rely on limited shuttle services or use their personal vehicles. Pool vehicles will be available for overnight business trips only.

 

GM Announces Introductory Pricing for Vibe

DETROIT - GM has released the introductory pricing for the new 2003 Pontiac Vibe. For the base model, MSRP starts at $16,340. The AWD model has a base MSRP of $19,540 and the Vibe GT starts at $19,340 MSRP. All models have an additional destination and handling charge of $560.

 

Enterprise Rent-A-Car Expands Airport Presence

ST. LOUIS - Though Enterprise Rent-A-Car is known primarily for the neighborhood car rental market, the company has begun expanding its airport operations. In recent months, for example, Enterprise has opened operations at near airports in Spokane , WA; Jacksonville, FL; and Miami. Enterprise now serves 99 of the top 100 airports.

 

 

 

 

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