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Leasing

Top 2009 News: Mercedes to Lease Fuel-Cell Cars in 2010

MONTVALE, NJ - While other automakers plunge headlong into the electric car race, Mercedes-Benz is betting on hydrogen, according to U.S. News. The company plans to begin a small-scale program leasing compact luxury cars that operate off of hydrogen fuel-cells in the United States as early as next year.

SEC Proposal to Allow Early Adoption of International Accounting Standards

On Aug. 27, the Securities and Exchange Commission raised the possibility that approximately 110 U.S. publicly traded companies will be able to use international accounting standards (IAS) next year and may require all U.S. companies to switch to IAS between 2014-2016. There is a 60-day comment period about the SEC proposal. Fleet leasing will be impacted by the adoption of IAS. It is probable that all fleet leases in the U.S. will need to be capitalized sometime in the 2011-2016 timeframe.

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