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GE Capital

Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.

Medium-Duty Fleets Face Rising Cost Challenges

A recent study by GE Capital has found that, while medium-duty truck fleets have enjoyed strong performance over the past year, they still face a number of challenges including maintaining margins in the face of increased healthcare costs and the rising cost of maintaining fleet assets.

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