Automotive Fleet reported Element Financial extended the 14-year partnership between Arval and PHH Arval. Arval, a subsidiary of BNP Paribas, is a full service, global fleet leasing company, with a fleet of 700,000 vehicles

Automotive Fleet quotes Steve Hudson, Element Financial chairman and CEO, as saying, “The Element-Arval Global Alliance continues the longest North American-European global alliance in the fleet industry. More importantly, it gives Element exclusive access to a cost efficient platform from which we can seamlessly serve the fleet management needs of clients that have fleet assets outside of North America.”