Sales for major U.S. auto makers sharply declined in July amid a modest slump in lease deals that have kept payments low, continuing an industry slowdown that has led to a glut of inventory on dealer lots and a spate of discounts.
NYS Entity Status
NYS Filing Date
JANUARY 07, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - MAJOR AUTO LEASING INC.
AROUND THE WEB
- U.S. Auto Makers Report Steep Sales Declines in July
Tuesday Aug 1, 2017
- Uber’s auto leasing draws added scrutiny after safety issues
By Olivia Zaleski - Friday Aug 4, 2017
Uber said it took “swift action to fix the problem” after learning of the auto fire and worked with Singapore officials on its response.“We acknowledge we could have done more — and we have done so,” a spokesman for the company wrote in an email.Since the beginning of the year, we’ve proactively responded to six vehicle recalls and will continue to do so to protect the safety of everyone who uses Uber.In January, Uber paid $20 million to settle a U.S. Federal Trade Commission lawsuit, saying the company made false or misleading claims about its leasing program, among other alleged violations.
- Uber Plans to Wind Down U.S. Car-Leasing Business
Tuesday Aug 8, 2017
Uber plans to wind down its U.S. subprime car-leasing division to stem unsustainably high losses, a major retreat just two years after starting the business.
- Facebook to lease 436,000 square feet of office space in San Francisco
By Alyssa Pereira - Wednesday Sep 20, 2017
Following a rumor this summer suggesting that Facebook Inc. would be setting up a San Francisco office space, the Menlo Park-based social network company confirmed to San Francisco Business Times that it would be settling into a massive portion of a building in the city's SoMa neighborhood.
- Volvo to Switch to Electric, in First for Major Auto Firm
Wednesday Jul 5, 2017
Volvo will become the first major auto maker to abandon the conventional car engine—technology that has powered the industry for more than a century. All new Volvo models from 2019 would be either fully electric or a hybrid.