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ALD Automotive

Collapse of Oil Prices and Ruble Devaluation Negatively Impacting Russian Fleet Market

The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.

Overview: Indian Fleet Market

The Indian economy has been experiencing dramatic growth. “But, what is impressive is that 95 percent of the growth in India is due to internal growth,” said John Carter, managing director for ORIX Australia & New Zealand. “It is almost all internal growth.”

Merchants Leasing Acquires ALD Automotive USA

PARIS and MANCHESTER, NH - As a result of this transaction, Merchants Leasing will acquire ALD's U.S. customer base and a fleet of about 3,300 vehicles. The transaction became effective Aug. 31.

Kellogg's UK Fleet Signs with ALD

MANCHESTER, UK – The UK division of Kellogg, the Battle Creek, Mich.-headquartered company, has signed a three-year sole supply maintenance contract hire agreement with ALD Automotive, according to a UK Web site.

ALD Reaches 50,000-Vehicle Fleet Landmark

MADISON, WI – Celebrating its 50th anniversary, the company's delivery of a Ford Focus to long-time customer Cummins Ltd. helped it reach the 50,000-vehicle landmark.