Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Jul 23, 2020

ALD Automotives Joint Venture with Ford

Shearman & Sterling advised ALD Automotive, one of the leading global provider of mobility solution, in connection with the creation of a joint venture with Ford dedicated to provide new integrated fleet leasing and management solutions across Europe under the name of Ford Fleet Management.

Ford Fleet Management will see both ALD Automotive and Ford collaborate to develop the capabilities to provide a competitive integrated leasing and fleet management offer. Both commercial vehicles and passenger vehicles will be offered by Ford Fleet Management through Ford’s dealer network as well as through direct contact, and via digital platforms. Ford Fleet Management will leverage ALD Automotive and Ford’s deep understanding of customers, product and mobility services, as well as the extensive Ford dealer network, to deliver the ambition of best-in-class vehicle uptime.

Ford Fleet Management will begin operating in the U.K., subject to antitrust and regulatory approvals by the relevant authorities and it is intended that other selected European markets will follow later.

The Team