GE Capital Fleet Services Identifies $460 Million in Customer Cost Savings in 2012

  GE Capital Fleet Services Identifies $460 Million in Customer Cost Savings
  in 2012

Replacement Analysis Cited as Key Driver of Fleet Cost Reduction

Business Wire

EDEN PRAIRIE, Minn. -- January 23, 2013

GE Capital Fleet Services today announced $460 million in identified customer
cost savings for the full year of 2012, with accelerated and optimal
replacement analyses cited as the leading areas for savings.

By analyzing customers’ fleets to maximize efficiency and reduce costs, GE
Capital has identified a total of $1.4 billion in potential savings
opportunities for customers in the past four years.

“Throughout the year, we conduct ongoing analyses on behalf of our customers
to evaluate the management of their fleets,” said Steve Jastrow, strategic
consulting services manager at GE Capital Fleet Services. “In 2012,
replacement analysis in particular was an area we identified as a significant
opportunity for savings, due in part to the robust resale market.”

The largest areas of cost savings identified by GE Capital Fleet Services
during 2012 include:

  *Accelerated replacement analyses: Determining opportunities  to accelerate
    the service life cycle of vehicles in order to decrease overall fleet
    depreciation
  *Optimal replacement analyses: Determining the optimal time to cycle
    vehicles in a fleet to drive reduced maintenance and fuel spend costs
  *Lease versus reimbursement: Identifying cost-cutting opportunities to
    convert companies’ driver reimbursement programs to vehicle leasing
    programs
  *Strategic account planning: Experts provide the information, analysis,
    insights and actionable plans that customers need to set the stage for
    success
  *Lease versus purchase: Determining whether leasing or owning vehicles is
    the most cost efficient way to manage a specific company’s fleet

“Our team strives to provide systematic solutions, such as vehicle
optimization and sustainability, to our customers in order to preserve their
bottom line,” said Brad Hoffelt, senior vice president and general manager of
products & services at GE Capital Fleet Services. “Our goal is to arm our
customers with solutions that minimize costs while simultaneously maximizing
fleet operations and productivity.”

About GE Capital Fleet Services

GE Capital Fleet Services, based in Eden Prairie, Minn., is a global fleet
management company with operations in the United States, Canada, Europe,
Japan, Australia and New Zealand. Visit the website at gefleet.com or follow
the company’s eco news and updates via Twitter (@GEFleetSvcs).

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things
that matter. The best people and the best technologies taking on the toughest
challenges. Finding solutions in energy, health and home, transportation and
finance. Building, powering, moving and curing the world. Not just imagining.
Doing. GE works. For more information, visit the company's website at
www.ge.com.

Contact:

GE Capital, Americas
Allison Perkins, 203-229-1447
allison.perkins@ge.com
or
GE Capital Fleet Services
Greg McCullough, 952-828-2858
greg.mccullough@ge.com
 
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