Mary Olson, retired regional sales manager for Wheels Inc., died after a two-year battle with pancreatic cancer. She was 60. Olson had a 42-year career in the fleet leasing and management industry, including Lend Lease and GE Capital Fleet Services.
Arval's global fleet of leased vehicles went over the one million mark at the end of 2016, and managed to surpass the company's initial target of 6% growth, achieving 8.4%.
In a wide-ranging interview, the leadership of Element Fleet Management provide an update on the integration of the fleet business of GE Capital and offer insight on current industry trends and their vision of the future of fleet.
As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.
Mark Thompson, a long-time employee of GELCO and GE Capital Fleet Services, passed away suddenly on Feb. 16, 2016. He was 65.
Carl LaForest, a long-time former employee of McCullagh Leasing and GE Capital Fleet Services, died suddenly on March 7. He was 58.
Established in 2008 and totaling 72 inductees, the newest members to the Fleet Hall of Fame were honored at the 2015 Automotive Fleet & Leasing Association (AFLA) conference, Sept. 15 in Nashville.
The three newest members of the Automotive Fleet Hall of Fame were inducted during a ceremony at the 2015 Automotive Fleet & Leasing Association (AFLA) Conference in Nashville, Tenn., on Tuesday, Sept. 15.
Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.
Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.