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GE Capital Fleet Services

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.

Why GE Decided to Sell Its Fleet Services Business

Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.

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.

GE Capital: 27% of Fleets Expect to Expand Within a Year

About two-thirds of executives at middle market companies ($10 million - $1 billion in sales) with responsibility for their company’s vehicle fleets, surveyed by GE Capital saw improved overall performance and improved financial performance compared to the same period a year ago. Many are making plans to expand their fleets, hire more workers and grow revenue in the year ahead.

Mobilizing Best Practices in Fleet Maintenance

Maintaining a mobile maintenance program adds another layer of complexity into the traditional maintenance program mix. It's hard for many fleets to scale their internal processes to ensure remote assets are being repaired and maintained via the same best practices that are afforded to their on-site vehicles.

Driver Safety Becomes Top Priority of Fleet Managers

According to a recent survey by GE Capital Fleet Services, the biggest concern for fleet managers is ensuring the safety of their drivers. With more than a third (36%) of fleet managers citing it as their predominant concern, driver safety outpaced cost-savings goals and workforce productivity (22% each).

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