General Motors UK has signed an agreement with ALD Automotive to manage the GM UK Leasing Private Label Leasing operation.
It includes Vauxhall Leasing, Saab Contract Hire and Chevrolet Lease. The agreement is effective from 31 August 2009.
After a partnership of eight years, GMUK and Masterlease have mutually agreed to end their private label leasing relationship and pursue differing strategies for future growth.
Masterlease will continue to operate existing vehicle contracts written prior to 28 August.