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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.

Hertz Withdraws Guidance, Shares Fall

Hertz Global Holdings saw increasing rental activity in the second quarter, and found itself short on vehicles because of the increased number of recalls by the automakers, the company said Tuesday.

Hertz Board Approves Separation of Equipment Rental Business

The Hertz Corp. has announced that its board of directors approved plans to separate into two independent, publicly traded companies. The companies will be “Hertz” (Hertz, Dollar, Thrifty, Firefly rental car businesses and Donlen fleet leasing) and “HERC,” the Hertz Equipment Rental Corp.