Element Vehicle Management Services leases more than 300,000 vehicles (mostly cars and light trucks, but also medium and heavy trucks and trailers) and oversees about 245,000 under various management agreements. Besides leasing and fleet management, the firm provides maintenance, collision repair, and fuel card services. Clients include government agencies and corporations in the pharmaceutical, telecommunications, and energy industries. The company formerly known as PHH Vehicle Management Services (aka PHH Arval)was a subsidiary of PHH Corporation until 2014, when it was sold to Element Finan...cial Corporation for $1.4 billion in cash.
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