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.
In Memoriam: GE Capital Fleet's Mark Thompson
Mark Thompson, a long-time employee of GELCO and GE Capital Fleet Services, passed away suddenly on Feb. 16, 2016. He was 65.