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Element Finds 'Strategic Opportunities' Down Under

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.

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.

General Electric to Sell Italian Lending, Fleet Business

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.

GE Capital Canada, Shell Offer LNG Lease Discount

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.

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.