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Arval's global fleet of leased vehicles went over the one million mark at the end of 2016, and managed to surpass the company's initial target of 6% growth, achieving 8.4%.
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Alphabet’s self-driving car unit Waymo is suing Uber and its Otto autonomous trucking subsidiary for stealing the company’s autonomous vehicle sensor technology. Alphabet is also the parent company of Google.
Read More →Tire makers worldwide are citing rising raw material costs as the driver of their price increases. Goodyear Tire & Rubber Co. painted a picture of just how extreme the increases have been so far — using words like “volatile” and “unpredictable."
Read More →Mitsubishi Corp. (MMC) has announced that production of its Mirage G4 — also known as the Attrage in other markets — has started at the vehicle assembly plant of Mitsubishi Motors Philippines Corp. (MMPC).
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2016 was another exciting year for fleet management and lease companies in Europe – with acquisitions and consolidations, global partnerships and new CEOs. New visions, new strategies: the time was ripe to transform the business model. Mobility management is here to stay.
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Subaru Canada, Inc. has won its first-ever Best Retained Value “Overall Brand Award in the Car Category from Canadian Black Book (CBB), according to an announcement from the company.
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 →Replacement demand for tires in Brazil is anticipated to grow at a faster rate during 2016-2021 than OEM tire demand. Some of the major players operating in Brazil's tire market are Pirelli, Michelin, Goodyear, Bridgestone, Continental and Rinaldi.
Read More →Isuzu Truck South Africa (ITSA) held onto its No. 1 position in South Africa in 2016 for the fourth consecutive year and ended with a 14.6% market share from the total park of 3,952 units.
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The Venezuelan fleet market is comprised of local companies and multinational corporations, of which about 500 are U.S. companies with business operations in Venezuela. The strongest vocational segments for commercial fleet sales in Venezuela are oil companies, healthcare, and agriculture.
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