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BBL Fleet expanded its footprint in the fleet management industry with the acquisition of Velcor Leasing Corporation of Madison through a stock purchase agreement finalized Feb. 27, 2026.
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BMW's X1 compact utility will enter its second generation with the 2016 model year with a model that increases interior roominess, operational efficiency, and technology options, BMW has announced.
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Retail new-car prices increased $1,363 (up 4.3 percent) in May from a year ago, but fell $130 (down 0.4 percent) from April, according to Kelley Blue Book.
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General Electric Co. has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said, according to a Reuters report.
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Based on strong customer demand for the company’s newest products – F-150, Edge, Escape and Explorer – six Ford assembly plants, along with supporting powertrain and stamping plants, will shut down only the week of June 29.
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ARI recently initiated a global strategic plan that focuses on greater technology-based services, expansion of its fleet business into additional European nations, and deeper penetration into the commercial truck market.
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China and Brazil recently signed an agreement for the Chery Brazil Industrial Plant Project.
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As part of its global growth plan, Ford Motor Company is expanding its operations in North Africa with a new regional sales office in Casablanca, Morocco, and a purchasing office in Tangier, Morocco.
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Subaru has added "several refinements" to its Legacy mid-size sedan and Outback wagon for 2016 that trigger only a minimal price increase.
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Statistics covering fleet vehicles by industry segment.
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