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TAG SEARCH RESULT: GE Capital Fleet Services

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April 10, 2017

In Memoriam: Retired Wheels Regional Sales Manager Olson

Mary Olson, retired regional sales manager for Wheels Inc., died after a two-year battle with pancreatic cancer. She was 60. Olson had a 42-year career in the fleet leasing and management industry, including Lend Lease and GE Capital Fleet Services.

February 24, 2017

Arval Leased Over 1 Million Vehicles in 2016

Arval's global fleet of leased vehicles went over the one million mark at the end of 2016, and managed to surpass the company's initial target of 6% growth, achieving 8.4%.

October 25, 2016

Element Discusses GE Capital Integration, Industry Changes

In a wide-ranging interview, the leadership of Element Fleet Management provide an update on the integration of the fleet business of GE Capital and offer insight on current industry trends and their vision of the future of fleet.

August 5, 2016

Little-Known Story on What Motivated GE’s Entry into the Fleet Market

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.

May 20, 2016

In Memoriam: GE Capital Fleet's Mark Thompson

Mark Thompson, a long-time employee of GELCO and GE Capital Fleet Services, passed away suddenly on Feb. 16, 2016. He was 65.

May 20, 2016

In Memoriam: GE Capital Fleet's Carl LaForest

Carl LaForest, a long-time former employee of McCullagh Leasing and GE Capital Fleet Services, died suddenly on March 7. He was 58.

October 16, 2015

Meet the 2015 Fleet Hall of Fame Inductees

Established in 2008 and totaling 72 inductees, the newest members to the Fleet Hall of Fame were honored at the 2015 Automotive Fleet & Leasing Association (AFLA) conference, Sept. 15 in Nashville.

September 15, 2015

2015 Fleet Hall of Fame Inductees Announced

The three newest members of the Automotive Fleet Hall of Fame were inducted during a ceremony at the 2015 Automotive Fleet & Leasing Association (AFLA) Conference in Nashville, Tenn., on Tuesday, Sept. 15.

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 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 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.

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.

June 23, 2015

GE Chairman’s Award Benefits Homeless Youth

GE Capital Fleet Services announced that it has allocated its annual $25,000 Chairman’s Award grant to Avenues for Homeless Youth in Minneapolis.

June 16, 2015

GE Capital Fleet Identifies Challenges, Growth Areas

A survey from the fleet management company examines opinions by top executives about financial performance, operational issues, and the economic outlook of the fleet industry.

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 5, 2015

How to Manage Fuel Expenses Like a Pro

The cost of fuel remains a tough line item to budget for. With prices currently at their lowest in years, what can fleet managers expect in the future?

April 17, 2015

Why GE Decided to Sell Its Fleet Services Business

Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.

April 14, 2015

GE Capital Fleet Services Introduces Analytics Platform

GE Capital Fleet Services today introduced BrightWorks Insights, a fleet analytics platform that brings together data from drivers, vehicles, fleet services, and third parties to enable companies to make smarter fleet management decisions.

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