Fleet

Mitsubishi to invest in 750 million euro expansion of Turkish car fleet company

June 18, 2012 09:19 CET
Ekim Turizm Sanayi & Ticaret AS, Turkey's largest car fleet rental company in which Mitsubishi holds a 45 percent stake, will invest 750 million euros ($946 million) over four years to expand its fleet to 80,000 cars from 26,000, said Vural Ak, the company's Turkish partner.... Read More »

 

Toyota fleet flurry will abate

12:01 am U.S. ET | June 11, 2012
Toyota went to the whip on fleet sales in May for a fifth straight month but says it will concentrate more on retail volume in June. Fleet sales more than tripled to 26,400 units as Toyota Motor Sales continued to fulfill commitments to fleet customers cut off last year after the Japan earthquake shrank vehicle supplies.... Read More »

 

Robert Smalley Sr. dead at 88

11:38 am U.S. ET | June 7, 2012
Robert Smalley Sr., former CEO of Hertz, died May 28. He was 88. Smalley began his career in Miami at his grandfather’s company, Couture Rent-A-Car.... Read More »

 

Enterprise follows Hertz into Zipcar's hourly rental niche

1:27 pm U.S. ET | June 5, 2012
Enterprise Holdings is making a move into hourly car rentals this year, joining Hertz Global Holdings in going after the growing niche created by Zipcar. Zipcar created the business of hourly car rental in 2000 and is still the leader in the segment, with about 500,000 U.S. members and about 9,000 vehicles... Read More »

 

A flip-flop in fleet -- some advance, some retreat

12:01 am U.S. ET | May 28, 2012
The players are changing in the fleet business, especially in sales to daily rental companies. As General Motors, Ford and Hyundai-Kia back off, others are rushing in. For Nissan, Chrysler and Volkswagen, fleet is an integrated part of aggressive growth strategies, with Nissan even pushing dealers into local-level fleet deals -- so-called "fleet-tail." For Mazda and others, fleet is a lifeline to relieve bloated inventories.... Read More »