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Showing posts from March, 2011

LEASING COMPANY CALLS FOR HYBRID CARS IN EAST AFRICA

Leasing company Vehicle and Equipment Leasing Limited (VAELL) has challenged motor leading dealers such as Toyota and GM East Africa to introduce and support hybrid cars in East Africa.  Paul Njeru, the company’s CEO say VAELL continues to turn down lease requests from customers especially development agencies for hybrid cars because of unavailability. The hybrid Toyota Prius and the new Chevrolet Voltz has been on high demand in developed markets.   Photo Courtesy: Tesla.com A Tesla Model charging. “There is unmet demand for low-emission cars . Whichever of the our top dealers moves fast will have the advantage in the market," he says. VAELL is among the oldest dealer-neutral leasing firms in the region. The company clientele included eight listed corporations. It has a market share of 30% of the development agencies. Kenya hosts the United Nations Environment Programme (UNEP), a factor that contributes to the pressure for more responsibility to the environment. "Nairobi