General Electric (GE) has completed the sale of its US fleet services business to Element Financial for $5bn. The company said that the sale of GE's Mexican, Australian and New Zealand fleet businesses to Element is also expected to close ...
Tags: General Electric, Fleet Business
GE has inked a pact for selling its fleet operations in the US, Mexico, Australia and New Zealand to Element Financial Corporation for $6.9bn, as well as divested its European fleet businesses to BNP Paribas arm Arval. While the ...
Fortune cookie maker Wonton Food is reportedly looking to strengthen its manufacturing capabilities with a new $20m facility in La Vergne, Tennessee, US. The company is also considering Houston and New York as alternate sites. The ...
According to a study released today by GE Capital Fleet Services, companies that own their vehicle fleets report that they are challenged by capital expenditure limitations and the total cost of ownership of their fleets. Nearly 200 CFOs ...
Tags: fleet operations, managing activities, Auto
GE Capital, Corporate Finance today announced it is providing $107.7m in credit facilities to Mariani Packing, one of the world’s largest independent producers of dried fruit. Mariani Packing, headquartered in Vacaville, CA, sells ...
GE Capital Fleet Services today announced an agreement with VNG.co, a national CNG fueling facility provider, to support the expansion of the CNG refueling infrastructure for light-duty fleet vehicles. "We know from our customers that ...
Tags: GE Capital Fleet Services, VNG, Auto Parts
Net Driven announced that strong growth in online marketing investments by North America’s automotive businesses is fueling continued expansion at the provider of website and Internet marketing solutions for tire, automotive service, ...
Tags: Net Driven, growth, Auto Parts
GE found 42 percent of respondents expect increasing margins at their firms in the coming year. COLUMBUS, OH— GE Capital surveyed over 400 U.S. fleet execs and found that most fleets are looking to add more employees and grow their ...
Tags: Transportation, Auto Parts
The Riverside Company has acquired Optima srl and its related companies (dba Mec3), a developer, manufacturer and marketer of ingredients for gelato, pastry and other foods. Based in San Clemente, Italy, Mec3 sells internationally and ...
Tags: Riverside, Ingredients
Boeing (NYSE: BA) and Ethiopian Airlines have partnered with two Puget Sound-based non-profit organizations, Seattle Alliance Outreach and Evangelical Africa Mission Outreach, to transport 7,300 pounds (3,311 kilograms) of medical and ...
GE Capital confirmed it is administering a $100 million multi-currency revolving credit facility for Billabong International that closed in December. GE Capital said the new credit facility will be used to refinance existing debt and ...
Tags: GE Capital, RVCA, Corporate Finance, Billabong International
LAS VEGAS — The North American Home Furnishings Assn.'s Retailer Resource Center will host more than 30 vendors during the Las Vegas Market, which opens Sunday and runs through Jan. 30. Located in World Market Center B-1050, the RRC ...
Tags: RRC, Distribution, shuffleboar, tap
Shopping is one of the top uses of mobile technology, and seven of the top 10 activities customers perform on their cell phone are shopping related. At the same time, the number of omni-channel shoppers who use multiple digital resources to ...
Intense Cycles is offering new extended payment terms of up to 120 days for U.S. dealers via a partnership with GE Capital Commercial Distribution Finance. "We are really excited to be able to offer this program. Our bikes have never been ...
Tags: Transportation, bike
Billabong International Limited announces that a US$300 million tranche of the 6 year senior secured term loan of US$360 million (A$386 million) (the "New Term Debt") provided by entities affiliated with Centerbridge Partners, L.P. and ...