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Tesla has sold $1.2 billion in common shares and convertible senior notes to support the roll-out of the Model 3, the Palo Alto company announced.
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Element Fleet Management increased operating income 45% and increased service and other revenue to 55% of total revenue in 2016, due in large part to its part to its acquisition-oriented growth strategy, the company announced.
Read More →French finance and banking institution Société Générale has announced that it intends to float its international car leasing and fleet management company ALD Automotive on the French stock market. The stock market introduction is expected to happen during the course of this year, and would involve a limited portion of the company.
Read More →Clean Diesel Technologies (CDTi) reached an agreement to convert $8.5 million in debt into its common stock, the company revealed in financial results for the second quarter ending June 30.
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General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, according to a Bank of America Merrill Lynch analyst.
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Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.
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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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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.
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Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
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General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
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