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GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
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The U.S. Federal Trade Commission has granted early termination to the waiting period under an anti-trust law for Element Financial Corp. to acquire GE Capital's fleet management unit.
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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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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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A recent study by GE Capital has found that, while medium-duty truck fleets have enjoyed strong performance over the past year, they still face a number of challenges including maintaining margins in the face of increased healthcare costs and the rising cost of maintaining fleet assets.
Read More →HNA Group Company Limited (HNA) of China, a diversified services and integrated operations company, announced it has agreed to acquire GE Capital's TIP Trailer Services.
Read More →Element Financial Corporation and GE Capital announced that they have entered into a definitive asset purchase agreement, in which Element will acquire GE Capital’s Canadian fleet portfolio.
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With this solution, business owners can work with a single provider to acquire, finance and maintain their CNG In A Box system, according to a release from the companies.
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A recent survey by GE Capital found that transportation company chief financial officers (CFOs) across the U.S. see more business opportunities despite rising costs and regulatory challenges.
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FAIRFIELD, CT - Clarence Nunn has been named Chief Commercial Officer of GE Capital Americas. He will remain in his current role as president and CEO of GE Capital Fleet Services until his fleet successor is named.
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