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DETROIT and ANDERSON, IN - Bright Automotive and General Motors Co. announced Aug. 3 they have agreed to pursue a strategic relationship. GM has provided $5 million in funding to the Indiana automaker, the first funding action by the newly formed General Motors Ventures LLC.
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GARDEN GROVE, CA - Teletrac Inc., a provider of intelligent driving solutions, and ProMiles, a software-as-a-service solution for automating fuel tax reporting paperwork, announced on August 2 an agreement whereby Teletrac will provide ProMiles' Fuel Tax Automation services as an integrated component of its Fleet Director GPS and vehicle tracking solution.
Read More →READING, PA - Penske Truck Leasing Co. has entered into an agreement to acquire Bright Truck Leasing & Bright Distribution. Financial terms were not disclosed.
Read More →LOGAN TOWNSHIP, NJ - Mitsubishi Fuso Truck of America, Inc. (MFTA) announced it signed an agreement with Guaraguao Truck Sales, Inc., Bayamón, Puerto Rico, naming Guaraguao as an authorized sales and service dealer for Mitsubishi Fuso medium-duty work trucks.
Read More →On Aug. 26, Nissan and Chrysler announced a mutual agreement to end three OEM vehicle-supply projects announced last year.
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