An audit of the way the National Highway Traffic Safety Administration handled the recall of vehicles equipped with faulty, and in some cases deadly, Takata air-bag inflators cites the agency for delayed action and poor oversight, which may have left dangerous vehicles operating on U.S. highways longer than necessary.
With fewer in-house resources available to fleet managers than ever, a key remedy is to outsource what can't be done internally. However, once the contract is signed, performance must be measured, and vendors held accountable.
Hertz will be on an accelerated buying and selling schedule in the next six months. How might that affect the market?
When selling out-of-service fleet vehicles to employees, companies need to ensure fleet policy is uniformly applied — without exception — and that all buyers are treated uniformly and consistently. If you are involved in individual price negotiations, it is prudent to document the sales process. Auditors want to ensure that policy is being enforced uniformly and consistently throughout the organization. Here's what you need to do to ensure you sail through an internal audit with flying colors.
Auditing fuel purchase invoices takes time and access to industry pricing data, but such scrutiny can avoid overcharges and duplicate transactions.
In one example, City of Honolulu employees were allowed to take home vehicles without proper authorization.
Hertz is suing a research firm that lists it as one 20 companies with the highest probability of declaring bankruptcy. Who made the claim, on what basis and how is the market reacting?
New York City Off-Track Betting Corporation is in financial trouble, and an audit questions the necessity of its 87-vehicle fleet.
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