Managing the Financial Side of Commercial Fleets

Highlights from the 2010 NAFA I&E

April 30, 2010

DETROIT - Fleet industry professionals recently gathered in the "Motor City" for the 2010 NAFA Fleet Management Association Institute & Expo (I&E) April 24-27 at the Cobo Center in Detroit.

With keynote speeches from General Motors' Bob Lutz, Ford's Mark Fields, and Chrysler's Peter Grady, the Detroit Three presented overviews of their current business status and product lineups, with each of the OEM representatives praising fleet customers for their dedication during these difficult economic times.

Scheduled to retire from GM May 1, on April 25 Lutz told the crowd of NAFA attendees - likely the final large group he will address as a GM employee - that GM is "very well on the road to recovery." In narrowing down its focus to four brands, Lutz said the company has been able to focus more sharply on those brands, "proving [wrong] the naysayers who said that eliminating half our brands would cost us all kinds of market share." Lutz received a NAFA Lifetime Honorary Membership after his presentation.

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