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FRANKFURT - Private equity firm Cerberus will buy a majority of DaimlerChrysler's Chrysler Group for $7.4 billion.
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The maker of an all-electric commercial pickup truck now plans to start production later this year as it aligns and draws on capital funding sources.
Read More →Citigroup Inc. agreed to sell its business that provides lending and leasing to the trucking industry to General Electric Co. for about $4.4 billion as it sheds equipment-financing units, according to the Bloomberg News Service.
Read More →The first Fleet Forward Tour stop was on March 31 in Peachtree Corners, Ga.; check out highlights from the one-day event in this video!
Read More →Learn how fleets can start taking steps towards electrification as we sit down with Eric Foellmer of XL Fleet to discuss all the options in this episode of Fleet Momentum.
Read More →GE Fleet Services, which has entered into an exclusive partnership with vehicle history information provider Carfax, reports that its initial study shows a net gain of approximately $300 on the sell price of cars we resell through auctions, according to Paul Seger, vice president of asset remarketing for GE Commercial Finance - Fleet Services.
Read More →Fleet managers, vendors and alternative-fuel experts gathered in Schaumburg, Ill., for the annual Green Fleet Conference & Expo to share ideas about more efficient ways to run operation.
Read More →Daimler Financial Services has announced a strategic investment into the growth of its fleet management and has signed an agreement to purchase Athlon Car Lease International B.V. for the amount of € 1.1 billion (U.S.$1.2 billion).
Read More →This session will examine succession planning, knowledge transfer, and the skills the next generation of fleet leaders will need as veteran professionals leave the industry.
Read More →DANBURY, CT —GE Capital Solutions has entered into a definitive agreement to acquire PHH Corp. in an all cash transaction valued at approximately $1.8 billion. PHH Corp. is comprised of the fleet management company PHH Arval and PHH Mortgage, a retail originator and servicer of residential mortgages in the U.S
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