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It’s time to put another year in the books and look forward to 2016. Take some time to analyze current and future trends and how that will impact your fleet operation.
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Bridgestone ended the bidding war for Pep Boys on Dec. 29, and activist investor Carl Icahn was named the victor in the quest for the Philadelphia-based chain.
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Top articles in 2015 included Element Financial's acquisition of GE Capital's fleet business, reasons to avoid driver reimbursement, increasing maintenance costs, and a forecast of how fleet management would look in 2025.
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Icahn Enterprises LP isn’t giving up on its acquisition target, Pep Boys — Manny, Moe & Jack. On Dec. 28, Icahn increased its offer to $18.50 per share, outbidding Bridgestone Retail Operations LLC by $1.50 per share.
Read More →Bridgestone Americas Inc. has raised its bid for the company's outstanding shares of common stock to $17 a share to top the $16.50 offered by Icahn Enterprizes L.P.
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Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.
Read More →With India’s growing new-vehicle market making way for accelerated growth in its used-vehicle market, Cox Automotive has made a strategic investment in Mahindra First Choice Wheels Ltd.
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GE has announced that it has completed the previously announced sale of its European fleet services business, representing aggregate ending net investment (ENI) of approximately $2.8 billion, to Arval, a fully owned subsidiary of BNP Paribas.
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J.B. Poindexter & Co., parent company of Morgan Olson, is buying Reading Truck Body, which makes service and other bodies
Read More →WEX Inc. is moving to acquire Electronic Funds Source LLC (EFS) for $1.1 billion and 4 million shares of common stock that will be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner.
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