News and insights from Europe
- Popularity of outright purchase drops from 38% of fleets to 17%
- Contract hire increases from 42% to 66% in the same period
Sale, Manchester, 7 April 2011: Use of outright purchase as a method of acquiring company cars and vans may have fallen by more than half in the last 18 months, according to the latest quarterly Company Car Trends survey from GE Capital.
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FARNBOROUGH, UNITED KINGDOM---May 9, 2011---Demonstrating its commitment to expanding its state of the art U.K. manufacturing presence, GE's Oil & Gas (NYSE: GE) business has officially opened a new wireline manufacturing and headquarters facility in Farnborough, Hampshire, United Kingdom.