General Electric to sell capital fleet to competitor Element Financial for $6.98bn
General Electric, the American multinational conglomerate, is to sell off GE Capital’s fleet management operations in the US, Mexico, Australia and New Zealand for $6.98bn (£4.44bn) in cash.One of America’s largest companies, GE will sell several of its fleet businesses to a Canadian rival, as part of the firm’s strategy of focuses on its more profitable units.The fleet businesses provide commercial vehicle financing and fleet managements systems, which will be bought Read more [...]