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During the Communist period, Romania was one of the largest automobile producers in Central and Eastern Europe, however the industry declined after the 1989 revolution. Previously, other domestic manufacturers such as Tractorul Braşov, ARO and Oltcit existed, however they eventually went bankrupt due to botched privatization in the 1990s.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Established in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the first American used car lots. [3]The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales).
Țiriac Holdings Ltd. is a Romanian company primarily owned by Ion Țiriac.Among its operations are car dealership, vehicle leasing, real estate, elevator manufacturing, transport and leasing of executive jets (Țiriac Air), banking (UniCredit Țiriac Bank), and insurance (Allianz Țiriac).
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Ayvens (formerly ALD Automotive) is a French fleet managing and operational car leasing company and a majority owned subsidiary of Société Générale. [2] The company is active internationally and manages around 3.42 million vehicles. [3]
ARO (short for Auto Romania) was a Romanian off-road vehicle manufacturer located in Câmpulung. The first ARO vehicles were produced in 1957, and the last in 2003. For a short while, Daihatsu-powered AROs were sold in Spain and produced in Portugal under the "Portaro" brand. In Italy, AROs were produced and sold under the ACM brand, often ...
Auto Europe has been owned by Court Square Capital Partners since 2006. [2] International car rental is the main service sold by Auto Europe. In addition to traditional self-driven rental cars, Auto Europe books luxury and sport vehicles, motorhome and campervan rentals, European Leasing, as well as chauffeur and airport transfer services. [3]
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