A "Transformation Office'' is in charge of $20m in cost-cutting.
The core FleetPlus business is holding its ground.
Net debt at February 28 was $284 million and asset sales will cut that.
Ailing fleet-management group Eclipx will scrap any interim dividend payout and says it has not breached banking covenants.
The company will also apply the proceeds of the impending sale of the Grays auctions business, and loan vehicles group Right2Drive, towards cutting debt.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
