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48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
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Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
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Element Fleet Management has appointed two new sale associates to its equipment financing sales and business development team in the East region, the fleet management company has announced.
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Ford Motor Company Fund has donated five Ford Transit vans to the American Red Cross to add to the company's fleet of more than 3,000 vans that support disaster relief.
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Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
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Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.
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Discussions about the possible sale of LeasePlan Corp. have ended after the global fleet management company's Dutch parent and a group of investors were unable to reach an agreement.
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General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
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Fleet Response recently hosted members of the 2015 Client Advisory Board at Acqualina Resort & Spa in Sunny Isles Beach, Fla.
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NationaLease, a North American full-service truck leasing organization, has named Joseph Gallick senior vice president of Sales, reporting to Dean Vicha, president of NationaLease.
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Brisbane, Australia-based Penske Commercial Vehicles has announced a new venture with U.S.-based Penske Truck Leasing, Co., L.P. to offer commercial truck rental services in Australia.
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