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READING, PA - Penske Truck Leasing Co. has entered into an agreement to acquire Bright Truck Leasing & Bright Distribution. Financial terms were not disclosed.
Read More →LONDON/NEW YORK - Clayton, Dubilier & Rice, LLC recently announced a definitive agreement to acquire BCA, one of Europe's leading vehicle auctions and remarketing companies, from Montagu Private Equity.
Read More →TURIN, ITALY - Italy's Fiat Group has confirmed plans to acquire an initial 35 percent stake in Chrysler LLC, providing Fiat the scale it needs to survive, and allowing Chrysler to expand its product portfolio to include small, less-polluting cars.
Read More →CHARLOTTE, MI - Spartan said the acquisition of Utilimaster is expected to add approximately $105 million in annualized revenues and be slightly dilutive to earnings in the first full year and accretive by year two.
Read More →BLOOMINGTON, MN - TY-CROP products will be marketed under the Toro brand and sold through Toro's distribution channel in the United States and international markets.
Read More →DETROIT - With Penske Automotive Group no longer acquiring Saturn, General Motors President and CEO Fritz Henderson announced GM will "wind down" the Saturn brand and dealership network.
Read More →Six key trends will determine Class 3-7 medium-duty truck lifecycle costs in the 2010 calendar-year. They are diesel prices, acquisition costs, resale, maintenance costs, replacement tire expense, and environmental regulatory requirements. Here is a forecast of what to expect.
Read More →STUTTGART, GERMANY and SAN CARLOS, CA – Daimler AG has acquired an equity stake of nearly 10 percent of Tesla Motors Inc., the only production automaker selling a highway capable electric vehicle in North America and Europe.
Read More →MIAMI – The acquisition is expected to add approximately $35 million in annualized operating revenue to Ryder's Fleet Management Solutions business unit and be accretive to earnings in 2009.
Read More →WAUKESHA, WI – DUECO, Inc. and Utility Equipment Leasing Corporation acquired the assets of Odyne Corp. to continue production of plug-in electric hybrid drive systems for medium- and heavy-duty trucks.
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