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GE Capital

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June 29, 2015 - Industry News

Element to Acquire GE Capital's Fleet Business

File photo of GE Capital Fleet's Vehicle Innovation Center in Eden Prairie, Minn.

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.

Tags: GE Capital Fleet Services, GE Capital, Element Financial, Mergers & Acquisitions, Equity Markets, Fleet Management Companies

June 26, 2015 - Industry News

GE Capital Survey Forecasts Expanding Trucking Industry

GE Capital has released a national survey of middle-market trucking company executives examining the financial performance, operational issues and economic outlook of trucking businesses.

Tags: GE Capital, Industry Research, Survey

May 29, 2015 - Global News

GE Capital Canada, Shell Offer LNG Lease Discount

GE Capital Canada has signed a commercial agreement with Shell Canada Products to facilitate the Canadian trucking industry’s adoption of liquefied natural gas (LNG), the fleet management company announced.

Tags: Canada, Shell, Heavy-Duty Trucks, Natural Gas Vehicles, LNG, GE Capital

April 13, 2015 - Industry News

GE to Sell Fleet Management Unit by 2018

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.

Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets, GE Capital

February 12, 2015 - Industry News

Driver Issues May Hurt Trucking Industry Growth in 2015

Driver shortages, driver turnover and regulations could all affect the potential growth of the trucking industry in 2015, according to analysis from GE Capital.

Tags: GE Capital, Driver Shortage, Truck Orders, Freight, Industry Trends

October 21, 2013 - Industry News

GE Capital, Clean Energy Form Alliance to Accelerate Adoption of Natural Gas

GE Capital's Transportation Finance business and Clean Energy Fuels Corp. have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.

Tags: GE Capital, Natural Gas Vehicles, Clean Energy, Liquefied Natural Gas, Natural Gas Fueling Station

September 17, 2013 - Industry News

Two Trucking Ex-Executives Convicted in $26 Million Fraud Scheme

The U.S. Attorney’s Office for the Southern District of Texas has announced two convictions resulting from a plan to defraud a lender out of millions of dollars.

Tags: GE Capital, Fraud

September 4, 2013 - Industry News

Former USA Dry Van Execs Charged in Alleged Scheme

Former trucking company executives Sergio Lagos, Aurelio “Jim” Aleman, and Oscar Barbosa were arrested following the return of a six-count federal indictment charging wire fraud and conspiracy to commit wire fraud.

Tags: GE Capital, Fraud

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