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MetroGistics Holdings has acquired a title and registration services company that services the fleet industry and auto dealers to further expand its reach as a vehicle logistics organization.
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Verizon Telematics has become the largest provider of built-in telematics and mobile applications for commercial vehicles and has moved closer to rebranding its product offerings for its customers, CEO Andrés Irlando told an audience gathered at the annual Latitude conference.
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LIDAR tech firm Strobe is expected to bolster the automaker’s efforts to bring self-driving cars to market.
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Private equity investors The Carlyle Group have acquired United Road Services, a vehicle logistics company based in Romulus, Mich., from Charlesbank Capital Partners, the firm has announced.
Read More →The fleet industry in the United States is no stranger to acquisitions and mergers as we have witnessed with the decades long consolidation occurring among fleet leasing and management companies, automotive OEMs and their suppliers, and daily rental companies. The same holds true for the upfitting industry, which, in the first eight months of 2017, witnessed an uptick in acquisitions.
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The fleet safety and risk management company recently changed ownership and made a new acquisition in the pursuit of creating sweeping services.
Read More →South Africa’s Imperial Holdings has acquired Pentagon Motor Holdings, which operates 21 retail dealerships in the UK, for $36.97 in its effort to expand beyond its home market, according to Reuters.
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China's Great Wall Motor Co. is moving away from a bid to acquire part or all of Fiat Chrysler a day after expressing interest in the company and its Jeep brand, reports Bloomberg.
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Intel-owned Mobileye will start building a fleet of 100 fully autonomous vehicles with a Level 4 of autonomy requiring driver interaction only to prevent an accident that the company will test in the U.S., Europe, and Israel, Intel has announced.
Read More →Masterack LLC, maintains its corporate headquarters in Decatur, Ga., a manufacturing plant in Social Circle, Ga., and five company-owned installation facilities across the United States. It will operate as an independent business unit within JBPCO.
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