This month, John McKean retires as chairman of LMV Leasing, a subsidiary of Xerox Credit Corp, Reflecting upon his 41-year career, McKean shares his observations on the growth of LMV and the vehicle leasing industry.
While the commitment by Xerox to LMV Leasing, Inc. has made possible much of the lessor's growth to date, future plans are based on a well-defined mission which involves the entire spectrum of the company's activities.
While the automotive fleet and leasing industries seem to be enjoying good health in the midst of the resurging economy, a relapse could be in store if the federal government continues to neglect the mounting budget and trade deficits.
In an exciting move, Xerox Credit Corp. recently signed a letter of intent for the acquisition of LMV Leasing, Inc. Xerox Credit will be acquiring all the stock of LMV from the McKean Corp., which is owned by the three McKean brothers.
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