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GE Capital

Element to Acquire GE Capital's Canadian Fleet Portfolio, Form Strategic Partnership

Element Financial Corporation and GE Capital announced that they have entered into a definitive asset purchase agreement, in which Element will acquire GE Capital’s Canadian fleet portfolio.

FleetCor Acquires GE Capital's Australian Fuel Card Business

FleetCor Technologies, Inc. (FLT), a global provider of fuel cards and workforce payment programs to businesses, announced that it has acquired certain fuel card assets from GE Capital Australia’s Custom Fleet leasing business.

Overview: Japanese Fleet Market

Japan’s total fleet market size is about 76.5 million vehicles; 3 million vehicles are leased (3.8 million vehicles, including fleet management transactions). The fleet market and the fleet leasing market have been relatively flat for the last few years.

Nunn Named Chief Commercial Officer of GE Capital Americas

FAIRFIELD, CT - Clarence Nunn has been named Chief Commercial Officer of GE Capital Americas. He will remain in his current role as president and CEO of GE Capital Fleet Services until his fleet successor is named.

Hard & Soft Cost Impacts of Extended Vehicle Cycling

Lengthening vehicle replacement cycles significantly affects such bottom-line important issues as fleet maintenance budgets, fuel economy, resale values, safety and ergonomics issues, company image, and driver morale.

GE Capital Combines UK Operations

UNITED KINGDOM - Reportedly, the new-look business will be in place by mid-September and will be organized to focus on the needs of four main groups of customers.

Fleet Management Companies Offer Green Initiative Programs

Responding to increasing interest and demand for environmentally responsive programs, fleet management companies offer an array of corporate green fleet initiatives.

Penske Automotive Buys Penske Truck Leasing Stake

BLOOMFIELD HILLS, MI – Auto retailer Penske Automotive Group Inc. bought a nine-percent limited partnership interest in Penske Truck Leasing Co. LP from GE Capital for $219 million, according to Forbes.

Does Telematics Provide a Good ROI?

Telematics is currently a hot button with fleets. Will the return be worth the initial investment? Many fleets are finding that when used properly, telematics can save a fleet money and pay for itself.

PHH Terminates Merger Agreement with GE: What's Ahead?

On Jan. 1, PHH Corp. terminated the $1.8 billion merger agreement because it was not consummated by the stipulated Dec. 31, 2007 deadline. The key problem was Blackstone’s inability to fund its acquisition of PHH Mortgage.

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