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NewsSeptember 15, 2009

Chrysler Ends Partnership with Mitsubishi & Hyundai

AUBURN HILLS, MI - Mitsubishi Motors Corporation and Hyundai Motor Company have sold their interests in the Global Engine Manufacturing Alliance to the Chrysler Group.

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NewsSeptember 15, 2009

PHH Corp. Closes $850M of TALF-Eligible Asset Backed Notes Issued by Chesapeake Funding

MT. LAUREL, NJ - PHH Corp. announced the successful closing of the issuance and sale of $850 million in aggregate principal amount of its Series 2009-2 Floating Rate Asset Backed Notes, Class A.

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NewsSeptember 15, 2009

PHH GreenFleet Averages 7-Percent Reduction in Fleet Operating Costs and 14-Percent Reduction in Emissions

SPARKS, MD - In addition, companies improved their miles per gallon an average of 16 percent in their first year of utilizing PHH GreenFleet, according to PHH Arval.

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NewsSeptember 15, 2009

Fleet Manager Attendance at 2009 AFLA Conference Reaches All-Time High

PHOENIX - Drawing more than 350 attendees, highlights of the conference included the 2009 Fleet Hall of Fame induction ceremony and announcement of the 2010 AFLA board of directors.

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NewsSeptember 15, 2009

2010 Fleet Hall of Fame Nominations Now Open

TORRANCE, CA - Nominations for the 2010 Fleet Hall of Fame are now being accepted. Eligible nominees must have at least 10 years fleet management experience and have contributed significantly to the industry.

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NewsSeptember 11, 2009

AFLA Honors 9 New Hall of Fame Inductees

Nine new members were inducted into the Fleet Hall of Fame in a special ceremony at the Automotive Fleet & Leasing Association's (AFLA) annual meeting Sept. 10.

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NewsSeptember 11, 2009

5-Year Outlook for Detroit Three Looks Good, McElroy Tells AFLA Audience

PHOENIX - Pent-up demand, reduced capacity, and shifts in the marketplace will "perfectly align" for automotive OEMs within the next five years, industry analyst and host of television's "Autoline Detroit" John McElroy told AFLA attendees.

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NewsSeptember 11, 2009

Favorite Factory Fleet Directors Revealed

TORRANCE, CA - Automotive Fleet recently surveyed fleet professionals to discover their all-time favorite fleet directors.

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NewsSeptember 8, 2009

PHH Arval Launches North American Vehicle Ordering Platform

SPARKS, MD and MISSISSAUGA, ONT - As part of its North American service delivery strategy, PHH Arval has announced the launch of a completely new vehicle ordering system based on a common technology platform for both the United States and Canada.

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NewsSeptember 8, 2009

NAFA New England Chapter Meeting Focuses on Economic Outlook and Funding Availability

MANSFIELD, MA - The chapter covers Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and upstate New York.

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