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ALD to acquire Leaseplan in €4bn move

ALD Automotive has announced a memorandum of understanding to acquire Leaseplan from its current owner TDR Capital.

The $4.09bn (£3.42bn) move, which is expected to be concluded by the end of 2022, would create the UK’s largest leasing company, with the combined organisation, to be named NewALD, replacing long-term market leader Lex Autolease at the top of the chart with around 300,000 vehicles.

In the context of today’s transformation of the automotive and mobility sectors, which is proceeding at an unprecedented pace, this proposed transaction is instrumental in the creation of a leading global player in mobility,” said ALD chief executive Tim Albertson. “By combining the multiple strengths of ALD and LeasePlan, gaining size, joining forces in digital and creating a leading provider of sustainable mobility solutions, we would transform our industry and be best positioned to deliver even better solutions and value propositions to our enlarged client base.”

Mercedes tops 2021 recall charts

Mercedes-Benz has emphatically topped the charts for the number of vehicle recalls for “dangerous safety, health and environmental hazards”, according to Car-recalls.eu, which uses data based on the weekly notifications issued by the European Commission’s Directorate-General for Health and Consumer Protection.

Of the 358 recalls announced by 45 carmakers, Mercedes topped the table for the fourth year running, with 67 recalls across 21 models, ahead of Volkswagen in second in 25.

Engine faults were most common, covering 109 recalls, just ahead of fire risk, with brake problems in third.

New Renault crossover due in spring 2023

Renault Austral prototype 2022Renault has confirmed it is undergoing final testing of a replacement for its Kadjar crossover, with the Austral expected to arrive in the UK next spring.

The new model, which is undergoing on-road testing across Europe ahead of an official unveil later this year, will launch with emissions expected to be from 105g/km from the E-Tech petrol hybrid powertrain already used on the Clio and Arkana, as well as 12V and 48V mild hybrid petrol engines.

 

 

Four cars gain top NCAP rating, ALD Automotive and Leaseplan in merger talks, Engineius promotes Slowther to new MD role

First Drive: Renault Arkana