Aug 21, 2018
UK fleets have much shorter replacement cycles compared to the European average, according to new research from global vehicle leasing giant Arval. The average replacement cycle for a car in the UK is 3.9 years but the average for a basket of 12 other European countries is 5.7, with a variance from more than six years for small businesses to five years for companies with more than 250 employees. The finding comes from the 2018 edition of Arval’s Corporate Vehicle Observatory Barometer, which is based on research into 3,718 fleets.
Aug 29, 2018
Toyota Motor Corporation (TMC) and ride-hailing giant Uber have announced a major new collaboration in a bid to encourage the mass adoption of autonomous vehicle technology. The companies have agreed to expand their collaboration with the aim of advancing and bringing to market ‘autonomous ride-sharing as a mobility service’ at scale. Technology from each company will be integrated into purpose-built Toyota vehicles to be deployed on Uber’s ride-sharing network.
Aug 29, 2018
Global vehicle leasing company Alphabet International has expanded into Russia in partnership with Major Profi. The agreement increases Alphabet’s global reach to 23 countries. Rüdiger Ebel, head of new markets at Alphabet International, said: “We are happy to partner with Major Profi and strengthen our presence in Russia. “Major Profi has a reputation as an excellent service provider for its customers. We look forward to working with our new partners to expand our range of services in a country with a growing economy.”