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GE Capital

Element to Acquire GE Capital's Fleet Business

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.

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.

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.

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.