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Goodyear's Raw Material Costs Increase $300M in 3 Weeks

Tire makers worldwide are citing rising raw material costs as the driver of their price increases. Goodyear Tire & Rubber Co. painted a picture of just how extreme the increases have been so far — using words like “volatile” and “unpredictable."

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Mitsubishi Begins Production of Mirage G4 in Philippines

Mitsubishi Corp. (MMC) has announced that production of its Mirage G4 — also known as the Attrage in other markets — has started at the vehicle assembly plant of Mitsubishi Motors Philippines Corp. (MMPC).

Thonnon

Article

Blog: Car Leases Transforming the European Business Model

2016 was another exciting year for fleet management and lease companies in Europe – with acquisitions and consolidations, global partnerships and new CEOs. New visions, new strategies: the time was ripe to transform the business model. Mobility management is here to stay.

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Société Générale to Float ALD Automotive on Stock Market

French finance and banking institution Société Générale has announced that it intends to float its international car leasing and fleet management company ALD Automotive on the French stock market. The stock market introduction is expected to happen during the course of this year, and would involve a limited portion of the company.

News

Brazilian Tire Market Forecast to Grow to $6.5B by 2021

Replacement demand for tires in Brazil is anticipated to grow at a faster rate during 2016-2021 than OEM tire demand. Some of the major players operating in Brazil's tire market are Pirelli, Michelin, Goodyear, Bridgestone, Continental and Rinaldi.

News

Isuzu Stays Top-Selling Commercial Truck OEM in South Africa

Isuzu Truck South Africa (ITSA) held onto its No. 1 position in South Africa in 2016 for the fourth consecutive year and ended with a 14.6% market share from the total park of 3,952 units.

Graphic courtesy of istockphoto.com

Article

Market Snapshot: Venezuela Fleet Market

The Venezuelan fleet market is comprised of local companies and multinational corporations, of which about 500 are U.S. companies with business operations in Venezuela. The strongest vocational segments for commercial fleet sales in Venezuela are oil companies, healthcare, and agriculture.

Article

Market Snapshot: Fleet Market Conditions in Sub-Saharan Africa

South Africa is largest market of commercial vehicles in Africa. The corporate fleet market in South Africa is estimated at 1.2 million vehicles. New vehicle sales in the next two largest markets -- Nigeria and Kenya -- have collapsed due to sluggish economies and depressed prices for commodities.

News

First German Fleet Sues VW Over Diesel Emission Scandal

Fish distributor Deutsche See is suing Volkswagen for misrepresenting fleet vehicles it leased as environmentally friendly. It is the first major German fleet customer to sue VW over the diesel-testing scandal. Deutsche See leases approximately 500 vehicles from Volkswagen.

Photo courtesy of General Motors.

News

Pricing Announced for Chevrolet Cruze Hatch in China

Pricing for the China Chevrolet Cruze Hatch was announced on Feb. 7. Five trims with a choice of 1.4T or 1.5L engines are available for a price range between RMB 109,900 and RMB 169,900.

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