The Source for Multinational Fleet Professionals
The acquisition terms include the Sanand site’s entire land and buildings, the vehicle manufacturing plant with machinery and equipment, and transfer of all eligible FIPL employees at the Sanand manufacturing operations, which reports a capacity of 300,000 units per year, scalable to 420,000 units annually.
BorgWarner has over 130 years’ experience in the field of powertrain systems and today develops “sustainable mobility solutions” providing clean propulsion and efficient technology for light-, medium- and heavy-duty vehicles, as well as off-highway applications.”
Wheels Donlen’s parent company has signed a Stock Purchase Agreement to acquire LeasePlan USA, and subsequently combine the business with Wheels Donlen to create a unified fleet management business.
The framework agreement signed on April 22, 2022 is binding, further forging a combined portfolio of 3.5 million vehicles under fleet management.
The connected platform will help solve such challenges such as driver location and safety as well as engine performance and vehicle efficiency.
The launch of the Novuna brand - one of the top 10 leasing companies in the UK - comes with a commitment to decarbonize its car and small van fleet by 2030.
OPW will manufacture VisiLevel at its facility in Nieuw-Vennep, the Netherlands, expanding its fluid transfer product and technology offerings to its global customers.
ALD Automotive Group CEO Tim Albertsen discusses the Memorandum of Understanding to acquire Leaseplan, which, when consummated, will create the world's largest fleet management and mobility services company.
CEO of ALD Automotive, Tim Albertsen, joins State of the Fleet Industry to discuss the latest details and status of the memorandum of understanding to acquire LeasePlan.
The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
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