Fleet News

Masterlease on European expansion trail

Leasing company Masterlease is opening a new business in France as part of wider European expansion plans.

Owned by GMAC, the financial services subsidiary of General Motors, Masterlease France will be based near Paris.

Masterlease Europe managing director Ed Sabisky said: 'We aim to start contacting potential customers in France from late March.

'We are assembling a group of people who already have experience of launching new start-up leasing companies in France.

'It's too early to say how many cars we will have in France but we do aim to grow a substantial business in a reasonable period of time. It will be a very important market for us.'

Sabisky said the launch of the new business is part of Masterlease's ambitious European expansion plans - and that he hoped to have a presence in Holland and Belgium in the near future.

Last year, the company announced its first full service leasing venture in Eastern Europe with the acquisition of leasing company Futura Leasing and Prime Car Management (PCM), both of which are based in Gdansk, Poland.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee