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GELCO

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.

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The Little-Known Origin of Total Fleet Management

“Total fleet management” is a generic, shorthand term used to refer to programs offered by FMCs that administer all aspects of a client company’s fleet operations. Have you ever wondered about the origin of this concept? You might be surprised to learn that IBM was one of the initial catalysts leading to the development of today’s total fleet management programs. This might surprise some in the fleet industry, because for the longest time, IBM has been the poster child of driver reimbursement.

Meet the 2015 Fleet Hall of Fame Inductees

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.

100-Plus Most Important Events in Fleet

As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”

[1972] Gelco's Leadership Team

In 1972, Automotive Fleet interviewed the group of young veterans who headed up senior management at Gelco Corp. Their goals, they said, were to concentrate on client services to match the corporate fleet needs with the objective of dynamic group. Read our full story on Gelco from 1972 here.

In Memoriam:N. Bud Grossman, 1922-2010

PARADISE VALLEY, AZ - N. Bud Grossman, co-founder of General Leasing Company (later named Gelco) and past president of the American Automotive Leasing Association (AALA), passed away Jan. 11 from Alzheimer's disease at his home in Paradise Valley, Ariz. He was 88.

GELCO & GE Fleet Services Sue Hecker for $7.2M

EDEN PRAIRIE, MN – GELCO and GE Fleet Services sued Hecker and four of his businesses in federal court May 13 for allegedly defaulting on $7.2 million in car leases that Hecker personally guaranteed, according to the Star Tribune.