Free press releases distribution network?

Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



GE Capital Identifies €76M Savings for Fleet Customers in Europe - Pan-European customers implemented 47% of identified savings in 2009
GE Capital Identifies €76M Savings for Fleet Customers in Europe

 

PRZOOM - /newswire/ - Brussels, Belgium, 2010/03/11 - Pan-European customers implemented 47% of identified savings in 2009. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE Capital identified $102 million (€76 million) of total cost savings for its European fleet customers in 2009 by examining every element of the fleet mix, from contract extensions to CO2 emissions. The saving opportunities were created by GE Capital’s Key Solutions team – a fleet consultancy service focused on helping drive down the cost of running car fleets.

Implementation of identified savings was particularly strong amongst GE Capital’s Pan-European customer base where an estimated 47% of savings identified for customers were already implemented by the end of 2009.

“Using our experience and heritage in the fleet industry, we have created an opportunity to take $100 million cost out of our customers’ total fleet cost, freeing up capital to invest in their core business and use in their day to day operations,” said Peter Stroem, Pan-European Fleet Commercial Leader at GE Capital. “For our pan-European customers almost 50% of those savings have already been implemented, which shows just how important this consultancy service is in today’s challenging economic environment. It should be possible for all companies to reduce fleet cost, but not lower their quality of service.”

In descending order, the areas of highest cost savings identified during the year include:

• Contract optimisation analysis ($31 million/€22.5m): Driven by reviewing contract extension opportunities and advising on the most cost effective model;
• Car choice criteria ($12 million/€8.8m): Driven by GE Capital’s ranking of cars in Total Cost of Ownership terms across key auto types;
• Car sourcing advice ($10.4million/€7.5m): Driven by OEM and dealer concentration;
• CO2 capping policy implementation ($9.8 million/€7.0m): Driven by insight into fuel consumption costs and the advice on tax issues relating to C02 emissions.

About GE Capital
GE Capital is a leading provider of specialist finance throughout the EMEA region, providing a wide range of solutions including: accounts receivable management, inventory finance, ABL, cross-border financing, leveraged finance, European leasing/vendor finance and fleet management. GE Capital focuses on sectors where it can share GE's 130+ year heritage with customers - energy, healthcare, media, transportation and industrial - and has a major footprint in EMEA, including an exciting $8 billion commercial finance JV planned with Mubadala in Abu Dhabi.

Press Contact
Michael Goodbody
GE Capital EMEA
T: +44 207 302 6269
M: +44 7899 808 239
E: michael.goodbody[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Electric Company

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Identifies €76M Savings for Fleet Customers in Europe

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GE News Center |
Contact: Will Spiers - GE Capital EMEA 
+44 20 7302 6454 william.spiers[.]ge.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Electric Company / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today