Chevy leases $1.4B in new assets

Buying out a $1 billion lease at a discount to its original asking price will make the Detroit automaker one of the most valuable automakers in the world. The deal also includes a $2.4 billion buyout of basecamp leases for lease buyouts, a $750 million buyout for its rental vehicle business, and a $300 million buybackRead More

How Ford leased its Volvo XC90 from GM and Honda

General Motors’ Volvo Xc90, one of the company’s best-selling vehicles, has been leased from Ford Motor Company for more than 20 years.The lease system was first introduced to GMs dealers in 1996.It allows Ford to lease vehicles from other automakers in exchange for certain financial incentives and discounts.The program allows Ford and GM to avoidRead More