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New Accounting Rules Require All Leases on Balance Sheets

New Accounting Rules Require All Leases on Balance Sheets

The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.

November 12, 2015

Element Will Consider Additional Acquisitions

Element Will Consider Additional Acquisitions

With the ink barely dry on Element Financial Corp.'s agreement to acquire GE Capital Fleet Services, the Toronto company's chief executive said Element may pursue other fleet management companies such as Donlen Corp. or LeasePlan.

July 2, 2015

Element Financial Raising $2.5B for Acquisition

Element Financial Raising $2.5B for Acquisition

Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.

May 21, 2015

Analyst: PHH Arval Could Fetch $650M

Analyst: PHH Arval Could Fetch $650M

PHH Arval could sell for as much as $650 million if the fleet management division were separated from PHH Corp.'s mortgage business, a Wall Street analyst told AutomotiveFleet.com.

February 28, 2014

Ford Dominates New Commercial Vehicle Registrations

Ford Dominates New Commercial Vehicle Registrations

Ford retained its dominant market share in new commercial vehicle registrations in all gross vehicle weights in 2013 and Mercedes-Benz saw a sharp uptick in Sprinter van registrations, according to Polk.

February 26, 2014

BMWs Complement Mary Kay's Pink Cadillac Fleet

BMWs Complement Mary Kay's Pink Cadillac Fleet

Mary Kay has begun rolling out BMW 320i sedans to its beauty product sales contractors, as the company seeks to diversify a brand image that has relied primarily on pink Cadillacs for more than four decades.

January 22, 2014

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