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PHH Arval

Element-Arval Global Alliance Extends Partnership

Element Financial Corp. has extended the 14-year partnership between Arval and PHH Arval, following the July merger when representatives from both companies signed an enhanced strategic agreement to form the Element-Arval Global Alliance.

PHH Sells Fleet Management Unit for $1.4B

PHH Corp. has agreed to sell its fleet management unit, PHH Arval, to Element Financial Corp. for $1.4 billion in cash in a deal that had been in the works since February.

Element Raising $1.1B In PHH Fleet Acquisition

The Canadian equipment financier acquiring PHH Arval is raising $1.1 billion to close a deal it says will fuel ambitious expansion plans in the North American fleet management market.

PHH Arval Promotes Trio of Execs

PHH Arval has elevated three executives to new leadership roles, including elevating an executive to head its North American business development efforts, the fleet management company has announced.

Analyst: PHH Arval Could Fetch $650M

PHH Arval could sell for as much as $650 million if the fleet management division were separated from PHH Corp.'s mortgage business, a Wall Street analyst told AutomotiveFleet.com.

PHH Arval President Named

PHH Corp. removed the interim label from Jim Halliday's title, naming him president of the company's PHH Arval fleet management division. Halliday has been serving as interim president since Dec. 20, when he replaced George Kilroy, who resigned.

PHH Considers Spinning Off Fleet Unit

PHH Corp. increased revenue from its PHH Arval fleet management division by 1.14 percent in 2013 and is considering splitting off the fleet division as a separate company.

PHH Arval's President Resigns, Interim Head Named

PHH Corporation has announced that Jim Halliday, senior vice president and chief business development officer, North America, and president, PHH Canada, has been appointed interim president, PHH Arval, effective immediately.