The deal is valued at $5.2 billion, and the combined group will have 3.3 million managed fleet vehicles in its worldwide portfolio.
The E Tourneo SUV is Ford Europe's next step in producing a variety of all-electric passenger and commercial vehicles by 2024 and sales of all zero-emissions vehicles in the region by 2035.
The Association of Fleet Professionals’ (AFP) presented its Strategic Award at its annual conference.
Advanced driver assistance systems are expanding throughout model lineups. While protecting fleet drivers, the safety systems present higher costs and driver training issues.
Fleetcor Technologies boosts its pan-European capabilities with acquistion of German service, maintenance and repair management provider.
The new fleet mobility company, with a managed fleet of 828,000 vehicles, will be operational in 11 countries.
A leaner Ford in Europe aims to help the carmaker succeed in an increasingly competitive environment as demand for electric vehicles increases and competition from China intensifies the market.
Goggo expects to deploy and operate up to 40 autonomous vehicles with SAE Level 4 features and the Mobileye Drive technology in cities around Spain and France.
EVs in nearly every segment and European country are now the same price or cheaper on a total cost of ownership basis than gas or diesel cars, despite rising prices for fuel and electricity.
The new subsidiary is part of an ambitious strategy to increase Mobilize Financial Services' fleet size of 350,000 vehicles to 1 million by 2030.
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