As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.
Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.
Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.
Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE'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.
Strategies for small fleets when acquiring vehicles include knowing your incentives, working with an expert and running a lifecycle cost analysis.
Fleet managers must consider a wide range of options when deciding on converting their truck fleet to natural gas.
More than a third of fleet managers identified driver safety as their top concern in a survey conducted by GE Capital Fleet Services. Driver safety remained the top concern over cost-savings goals and workforce productivity for the second year in a row.
GE Capital Fleet Services will begin offering a telematics service designed to allow fleet managers to track trailers, forklifts, generators, and other equipment, the fleet management company has announced.
While OTD remained relatively static overall, year-over-year, delivery times were still above the industry average benchmark of 60 days. Quality holds and recalls impacted some high-volume fleet models.
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