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