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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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NORWALK, CT – GE Commercial Finance Corporate Lending has provided a $130 million cash flow credit facility to JHT Holding, Inc., a truck transport services company. GE Capital Markets arranged and syndicated the transaction and also provided JHT with interest rate risk management products and services.
Read More →GM will invest $4B in U.S. plants to boost gas and EV production, expanding capacity to over 2 million vehicles annually and supporting American manufacturing jobs.
Read More →TIBURON, CA & BURNHAM, IL – Milestone Equipment and Scrap Metal Services entered into a new joint venture Scrapstone Intermodal Services, LLC with the acquisition of 7,300 intermodal dry van trailers from GE Capital on October 24.
Read More →The U.K.-based study found that smaller fleet operators do not recognize the importance of risk management and duty of care issues compared to their larger counterparts.
Read More →General Electric, which operates one of the largest global fleets, has committed to converting a sizeable percentage of its worldwide fleet to EVs, along with offering and managing EVs for its 65,000 global fleet customers.
Read More →GE Capital Fleet Services said in a recent survey report that 44 percent of truck fleet managers said maximizing productivity was their primary concern.
Read More →The Chevrolet Volt is capable of 40 miles of driving on electric power and is constructed from lightweight, recycled materials from GE Plastics.
Read More →The New Jersey-based mortgage and auto-leasing company scrapped a $1.8 billion sale to General Electric Co. and Blackstone Group LP after the buyout firm said banks reneged on an agreement to lend the money.
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