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GE Capital

According to GE Capital Fleet Services, the move comes at a time of strength for fleet services, which is coming off of strong financial performance, the launch of new service offerings for customers and the opening of the new Vehicle Innovation Center at its headquarters in Eden Prairie, Minn.

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Penske and GE Capital Extend PTL Partnership to 2023

READING, PA – Penske Truck Leasing Co., L.P. announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions.

GE Capital to Finance Navistar's U.S. Retail Truck & Bus Sales

NORWALK, CT - GE Capital, Navistar International Corporation, and Navistar Financial Corporation (NFC), jointly announced an expanded financing relationship under which GE Capital will become Navistar's preferred provider of retail financing solutions to support sales of Navistar trucks and school buses in the U.S.

Medium-Duty Truck Operating Costs Increase (Again)

The key reason for the increase was the cost of fuel, in particular, diesel fuel. This has also led to price increases for other oil-based products such as tires, which increased 4% to 7% in the past year. Other PM costs remained flat.

PHH Terminates Merger Agreement with GE: What's Ahead?

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.

Does Telematics Provide a Good ROI?

Telematics is currently a hot button with fleets. Will the return be worth the initial investment? Many fleets are finding that when used properly, telematics can save a fleet money and pay for itself.

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