The Car and Truck Fleet and Leasing Management Magazine

ALD Automotive to Enter Fleet Management Market in China

January 19, 2010

MADISON, WI - ALD Automotive has formed a joint venture with Fortune Investment, part of Chinese steelmaker Baosteel, to accelerate the development of fleet management in China, according to Fleet Europe magazine.

The new joint venture, which is equally held by ALD and Fortune Trust, aims to build a fleet of 10,000 vehicles in five years. Operations are expected to start in the coming weeks. ALD Automotive has been present in China since 2006 and already manages a small fleet in Beijing and Shenzhen. The new entity will be managed by ALD Automotive China's CEO Olivier Forges.


Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

A vehicle fueling system capable of running on gasoline or an ethanol blend such as E-85

Read more

Up Next

More From The World's Largest Fleet Publisher