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 expects to recoup $35 billion by breaking up the GE Capital lending unit and selling off most of its components. GE announced a deal to sell off $26.5 billion worth of real estate holdings on April 10.
Wheels Expands Toll Management Solution to Include Canada’s 407 ETR
Wheels, Inc. has become the first company in the industry to offer a comprehensive toll management solution for one of Canada’s most iconic toll routes.
Wheels announced that 407 ETR, which services the Greater Toronto and Hamilton Area, has been added to the list of tollways covered by the fleet management company’s Toll Management program. Through this American Business Award-winning service, Wheels provides up-to-date tolling equipment, robust expense reporting and full administrative support for its clients and their drivers, helping companies reduce their toll violation rates by up to 95%.
GE Capital Fleet Services Introduces BrightWorks Insights Analytics Platform
GE Capital Fleet Services introduced BrightWorks* Insights, an advanced fleet analytics platform. The BrightWorks Insights platform is GE Capital Fleet Services’ core engine for bringing together data from drivers, vehicles, fleet services, and third parties to enable companies to make smarter fleet management decisions.
“Improved data and analytics technologies are driving change in fleet management. Fleet vehicles and management services are more connected than ever,” said Kristi Webb, CEO of GE Capital Fleet Services. “When you combine our BrightWorks advanced analytics with deep fleet expertise, customers have the information they need to make smarter decisions for their businesses.”
New Driver Aid Prevents Accidents
No one has come up with a foolproof system for autonomous driving but driver assistance programs that help motorists control their vehicles are becoming more sophisticated all the time.
Cornell and Stanford University researchers have developed a system that anticipates what a driver is going to do a few seconds before it happens using cameras and a new computer algorithm. Testing shows errors can be eliminated before they happen.
Renewed & Refreshed at NAFA I&E
Today we're feeling renewed and inspired after a successful week at NAFA I&E in Orlando!
It was a busy but enjoyable mix of learning, meetings, on-camera interviews (and more on-camera interviews), along with a ton of fantastic networking.
And not only do we feel refreshed, our content reservoirs (and hey - we are all about content) are refreshed as well.
Check out some great new videos in this issue from new NAFA President Ruth Alfson, as well as CALSTART's Bill Van Amberg and Frank Memolo from AFLA (and PARS).
Have a great week!
Ted Roberts
COO & Chief Content Officer
