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Element Financial Closes Acquisition of GE's Fleet Unit
Element Financial's President Explains GE Capital Buy

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 21, 2015

Arval Signs Deal for GE Capital Fleet Services in Europe
Element to Acquire GE Capital's Fleet Business

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 29, 2015

GE to Sell Fleet Management Unit by 2018

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.

April 13, 2015

GE Capital Fleet Saves Customers $210M

GE Capital Fleet Services identified $420 million in potential cost savings for customers in 2014, and customers realized $210 million in actual savings as a result, the fleet management company announced.

March 10, 2015

GE Capital Fleet Names Southeast Managing Director

Company Cars Increase Employee Retention, GE Capital Says

Providing a company car to employees improves retention within the ranks when compared to reimbursing employees for using their personal vehicles for work, according to a new survey by GE Capital Fleet Services.

September 25, 2014

Report: PHH in Talks to Sell Fleet Business

Report: PHH in Talks to Sell Fleet Business

PHH Corp. has entered talks to possibly sell its fleet management unit to Element Financial Corp., a financial and fleet management company that has partnered with GE Capital Fleet Services in Canada.

February 21, 2014

GE Capital Fleet Reports $481M in Client Savings

GE Capital Fleet Services today announced it identified $481 million in potential cost savings for customers in 2013, with customers realizing $209 million in actual savings as a result.

February 18, 2014

Element Financial Closes Acquisition of GE Capital’s Canadian Fleet Assets

Element Financial Corp., an independent equipment finance company, has purchased GE Capital’s Canadian fleet portfolio. As part of this agreement, the two companies said they have formed a strategic alliance to deliver vehicle fleet financing and management services to cross-border customers in Canada and the United States.

July 1, 2013

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