The future of one of Barbados’ largest and most high profile hired car companies appears to be in question.
WEEKEND NATION investigations revealed that within recent weeks finance companies had retaken possession of more than 100 vehicles, including a number of luxury models such as Range Rovers and Mercedes Benz, that comprised the fleet of the South Coast operation. The most recent repossessions occurred this week, and decimated a fleet that included three limousines.
While attempts to get comments from these companies were unsuccessful, sources said yesterday that more than 40 of the vehicles were now parked on the lot at Globe Finance in Hastings.
An additional 35 vehicles were in the possession of Simpson Finance in Warrens, along with others on lots controlled by Scotiabank and Consolidated Finance.
