Flexco Fleet Lease Exchange is a remarketing provider for company fleets. It partnered with Innovative Funding Services to provide funding, paperwork and extended service agreements to its clients.
Many independent used vehicle dealers closed in 2008 as the credit crunch and cautious consumers shrank sales. The situation has now improved such that larger dealers could return to significant profits within the next 5-6 months.
Toyota Certified Used Vehicles will expand to include the automaker's hybrid models. Qualifying vehicles offer warranties and get 14 additional inspection points.
Fiat will gain 35% stake in Chrysler without a cash investment through a new global strategic alliance deal. The alliance gives Chrysler access to Fiat's small vehicle technology and platforms to build in its own facilities and the two will share distribution networks and other resources to reduce costs.