THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
PSA Group launched “Citroën Lease” in partnership with ALD Automotive to offer full leasing services of Citroen assets to its customers in India.
Wheels, Inc. has named Guillaume Bourst as global product director for the Des Plaines, Ill.-based fleet management company.
The alliance launched a website that allows clients to assemble and analyze consolidated fleet inventory at a vehicle level and cost data at an aggregated level to help clients manage their fleet on a global scale.
Dana Gaffney, retired strategic account manager for Merchants Fleet Management, passed away on March 25 from lung cancer. She was 60. During her career in fleet leasing, Gaffney worked for Kayser Leasing, Velcor, ULTEA, and ALD Automotive USA.
ALD Automotive announced on the appointment of Gilles Bellemere as Deputy Chief Executive Officer, effective March 15. Gilles Bellemere replaces Pascal Serres, who joins Societe Generale.
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.
ALD Automotive and its strategic North American partner Wheels Inc., signed a partnership agreement with Arrend Leasing, a Guatemala-based car leasing company covering four markets in Central America.
While it already has a presence in Brazil, Chile, and Peru, Argentina was a "missing link" in ALD Automotive's regional offering. To extend its presence in the region, ALD has partnered with Autocorp in Argentina.
The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.
Romania's operating leasing market has risen above 53,600 units under management at the end of the third quarter of 2015, up 14 percent compared to the same period of 2014 and 9 percent from the beginning of the year.