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READING, PA – Penske Truck Leasing Co., L.P. announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions.
Read More →More than 40 utility and telecommunications companies have been identified as being among this year’s Top 300 Commercial Fleets in the U.S., with telecom fleets taking up half the spotlight in the top 10.
Read More →MINI and Audi took the top spots as the overall winners with the highest scores for Most Ideal Vehicle.
Read More →This year’s agenda had a heavy focus on electrification, but also on the growth of autonomous transportation, the transformation of the automotive supply chain, using predictive analytics to drive efficiencies in maintenance, and how to harness data for multiple fleet processes.
Read More →Without vehicles, you can’t have a fleet. Which vehicles have driven the fleet industry over the decades since Automotive Fleet's inception in 1961?
Read More →The Wrangler-based 2020 Gladiator revives a nameplate from a Jeep pickup offered in the 1960s. Automotive Fleet captured video of the midsize truck at the LA Auto Show.
Read More →Year-over-year sales of passenger cars, pickup trucks, vans and other light-duty vehicles to commercial fleets fell 2.1 percent to 52,445 units in June.
Read More →Since it last won the award in 2013, the Silverado has continued to improve elements that are important to fleets.
Read More →During the recent ExpoActiva auto show in Uruguay, JAC unveiled its Sunray Van.
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