GE has signed an agreement to sell a 23.3-percent stake of Hyundai Capital Services (HCS) to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.-percent ownership in HCS over the following months.
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.