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GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
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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.
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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.
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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.
Read More →General Electric Co. has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said, according to a Reuters report.
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GE Capital Canada has signed a commercial agreement with Shell Canada Products to facilitate the Canadian trucking industry’s adoption of liquefied natural gas (LNG), the fleet management company announced.
Read More →General Electric is expected to sell off its commercial lending and leasing operation in Japan that includes a business that finances and manages commercial vehicles, according to a report in the Wall Street Journal.
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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.
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The 2015 Conference of Automotive Remarketing, which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary in Las Vegas from March 18-19. Highlights included keynote addresses by Hall of Fame Buffalo Bills quarterback and cancer survivor Jim Kelly and Auction Broadcasting Co. Founder and CEO Mike Hockett Sr. Photos by Chris Wolski and Steve Reed.
Read More →HNA Group Company Limited (HNA) of China, a diversified services and integrated operations company, announced it has agreed to acquire GE Capital's TIP Trailer Services.
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