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Ford Sees Global Fleet Solutions Business Double in Volume

March 6, 2007

Ford's Global Fleet Solutions (GFS) works with multinational companies looking to consolidate and leverage their international fleet purchasing power and control expenses. GFS is made up of representatives from all of Ford Motor Company's Trustmark brands (Ford, Volvo, Jaguar, Land Rover and Mazda) and can offer a wide variety of vehicles, from entry-level vehicles and mid-size vans to heavy-duty trucks and high performance premium vehicles. GFS currently manages more than 207 global accounts like IBM, FedEx and Tyco, accounting for more than 900,000 vehicles. In 2003, there were 55 requests from multinational companies for quotes; last year, there were 110, according to Ford. In Europe, 40 percent of all vehicle sales are purchased by companies or corporations, with about half used for employees as part of their compensation. In some European companies, fleet requirements for premium or executive vehicles can be as high as 30 percent. Ford of Europe is seeing increased sales momentum thanks to Ford's recently launched vehicles including the new Galaxy, the SMAX and the Transit.
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