Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.
Before the end of the decade, Mercedes-Benz said it will expand its product range by launching a pickup.
Sales of new vehicles in Australia ended 2014 by delivering sales over the 1 million mark for the third straight year.
Brisbane, Australia-based Penske Commercial Vehicles has announced a new venture with U.S.-based Penske Truck Leasing, Co., L.P. to offer commercial truck rental services in Australia.
A benchmarking project undertaken by Australia's Federal Chamber of Automotive Industries (FCAI) comparing price and specification levels of various new motor vehicles available in the Australian market with equivalent models in the UK.
Opel will export vehicles to Australia and New Zealand as of next year. The cars will be offered under the name of the Australian GM brand Holden.
Transport company McAleese has announced the purchase of Forrestfield logistics company, WA Freight Group, in a share sale and purchase agreement worth AUS$15.4 million.
PACCAR Australia has delivered its 50,000th Australian-designed and manufactured Kenworth truck at its Bayswater plant in Melbourne.
Automotive retailer Penske Automotive Group, Inc., announced that it has signed an agreement to acquire a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia.
Hertz said the launch builds on the success of the company's mobile Wi-Fi rental program in New Zealand, UK, Spain and the Canary Islands.
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