Used vehicle consignor CarLotz will enable Shift to pursue a new business plan focused on allowing consumers to buy vehicles online, sight unseen, for pickup or delivery.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Automotive Fleet checks in with Melissa Smith about a new headquarters, mobile payments, and several recent acquisitions.
E-ZOIL, manufacturer of performance-enhancing fuel additives and cleaning solutions, acquired Tonawanda-based Emulso International Corporation, a manufacturer of industrial cleaning supplies.
Bridgestone Europe N.V. will acquire TomTom's commercial telematics business, which is the largest among European fleet telematics providers, to create a leading data platform for connected vehicles, the company has announced.
Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.
New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.
Geotab has acquired FleetCarma, a Canadian telematics company that specializes in the management of electrified vehicles, the telematics provider announced at its Geotab Connect conference in Toronto today.
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