Hitachi Credit America Corp., headquartered in Greenwich, has made the strategic business decision to refocus its resources on the dealer originated medium-duty truck lease and finance business and exit the automobile fleet lease and management business. As a result of this decision Hitachi Credit America Corp. has sold its automobile fleet lease portfolio to ARI, headquartered in Mt. Laurel, NJ. The effective date of sale and formal transfer of this portfolio was April 1, 2003.

Originally posted on Fleet Financials