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Fleetcor Joins S&P 500 Index

Fuel payment provider Fleetcor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. Fleetcor shares trade on the NYSE under the ticker FLT.

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GM's Autonomous Vehicle Initiative Draws $3.3B

The General Motors autonomous driving unit, GM Cruise Holdings, will receive $3.35 billion in new capital investment to further accelerate its research toward producing a market-ready fully autonomous vehicle, the company has announced.

Element's Fleet Revenue Rises From Year Ago

Toronto-based Element Fleet Management increased gross revenue from its fleet business by 10.5% to $1.47 billion Canadian ($1.14 billion in U.S. dollars) in the first quarter and grew revenue 2.8% to $1.43 billion ($1.11 billion) from the fourth quarter of 2017, the fleet management company has reported.

Element Touts 'Strong Financial Position' in Earnings Report

Element Fleet Management Corp. reiterated its "strong financial position" including $4.7 billion of liquidity to finance future business in its most recent earnings report released in March.

ELD Supplier FleetUp Raises $20M, Appoints CEO

FleetUp has raised $20 million in funding led by HUMAX, which has appointed as chief executive officer its corporate chief strategy officer and president of HUMAX Americas & China, Albert Son, the company announced.

LeasePlan Mulls IPO After Strong First Half of 2017

LeasePlan is considering taking the company public after profits for the fleet management company in the first half of 2017 rose by approximately 18%.

Element Increased Operating Income 45% in 2016

Element Fleet Management increased operating income 45% and increased service and other revenue to 55% of total revenue in 2016, due in large part to its part to its acquisition-oriented growth strategy, the company announced.

Société Générale to Float ALD Automotive on Stock Market

French finance and banking institution Société Générale has announced that it intends to float its international car leasing and fleet management company ALD Automotive on the French stock market. The stock market introduction is expected to happen during the course of this year, and would involve a limited portion of the company.

How to Implement a Fuel Hedging Program

Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.

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.