The Car and Truck Fleet and Leasing Management Magazine

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November 2, 2015

Stable Commodity Prices Keep Replacement Tire Costs Flat

Replacement tires are the second highest operating cost for fleets after fuel. During CY-2015, replacement tire prices have remained stable compared to the prior year.

October 14, 2015

Element Further Explains Growth Trajectory

Element Financial Corp. has provided additional details about strategy for growing its fleet management business with acquisitions, technology investment, and an agreement for additional rail capacity.

October 5, 2015

General Mills Reshuffles Fleet Roles

Adam Orth, CAFM, has been named fleet services manager of General Mills. He replaces Shawn Dusosky, who moves into a non-fleet role with the company.

September 24, 2015

Element Discusses Integration Strategy

Element Financial Corporation, upon closing its acquisition of GE Capital's U.S. fleet business, has now turned its attention toward integrating two fleet management companies.

September 10, 2015

Element Names Leadership Team for North America

Toronto-based Element Financial Corp. has named the senior leadership team that will lead the company's North American fleet management business based in Maryland and Minnesota.

August 31, 2015

Element Financial Closes Acquisition of GE's Fleet Unit

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.

August 24, 2015

Element Names Webb President of Fleet Management Unit

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

August 4, 2015

Merger Mania Hits Fleet Market, Again

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.

July 23, 2015

Element-GE Capital Fleet Acquisition Clears Regulatory Hurdle

The U.S. Federal Trade Commission has granted early termination to the waiting period under an anti-trust law for Element Financial Corp. to acquire GE Capital's fleet management unit.

July 21, 2015

Element Financial's President Explains GE Capital Buy

The president of Element Financial Corp. provides the strategic thinking and explains the impact on the fleet industry of the company's acquisition of GE Capital Fleet Services in an exclusive interview with Automotive Fleet.

July 20, 2015

Why Element Wants to Buy the Fleet Businesses of GE Capital

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.

July 7, 2015

Arval Signs Deal for GE Capital Fleet Services in Europe

BNP Paribas has announced that Arval has signed a memorandum of understanding with GE Capital to potentially acquire its European fleet management business.

July 2, 2015

Element Will Consider Additional Acquisitions

With the ink barely dry on Element Financial Corp.'s agreement to acquire GE Capital Fleet Services, the Toronto company's chief executive said Element may pursue other fleet management companies such as Donlen Corp. or LeasePlan.

June 30, 2015

Element Finds 'Strategic Opportunities' Down Under

Toronto-based Element Financial Corp.'s acquisition of General Electric's Australian and New Zealand fleet management business creates "significant strategic opportunities," according to the company.

June 29, 2015

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.

May 27, 2015

Report: GE in Talks with Element for Fleet Business

Toronto-based Element Financial Corp. is now in "advanced talks" with General Electric Co. for the possible purchase of its fleet assets, according to a Bloomberg report.

May 21, 2015

Element Financial Raising $2.5B for Acquisition

Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.

November 18, 2014

Element's PHH Arval Acquisition Boosts Quarterly Revenue

Element Financial boosted revenue in the quarter ending Sept. 30 by 120 percent largely due to its acquisition of PHH Arval from PHH Corp. in July, the company has announced.

October 23, 2014

Element-Arval Global Alliance Extends Partnership

Element Financial Corp. has extended the 14-year partnership between Arval and PHH Arval, following the July merger when representatives from both companies signed an enhanced strategic agreement to form the Element-Arval Global Alliance.

September 26, 2014

Inside Element Financial's Acquisition of PHH Arval

Jim Halliday, president, North America, of Element Fleet Management, formerly PHH Arval, discusses the company's acquisition by Element Financial Corporation and what it means to its clients, supplier partners, and its position in the fleet market.


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