GE Capital Fleet Services Identifies $100 Million in Cost Savings for Customers in First Quarter

Technology utilization, total cost of ownership analysis and development of
comprehensive strategic fleet plans drive results
EDEN PRAIRIE, Minn.--(Business Wire)--
GE Capital Fleet Services today announced it identified nearly $100 million in
cost savings for customers in the first quarter of 2009. Over the last five
years, GE has helped companies with commercial car and truck fleets maximize
their return on their fleet investments by identifying nearly $2 billion in cost
savings.

"We`re focused on partnering closely with customers to help them manage their
fleets as efficiently and effectively as possible," said Mark Smith, strategic
consulting services leader at GE Capital Fleet Services. "Most companies today
are already operating with lean budgets, so the key is to develop and implement
more effective fleet strategies that allow companies to increase compliance,
manage spend and drive productivity."

Some of the areas where the highest levels of savings were identified in the
first quarter include:

* Strategic fleet plan development: Implementing plans that take into account
each aspect of the fleet and provide data on an individual and aggregate basis
for high-level analysis.
* Vehicle model-year planning: OptimizingOEM and vehicle selection process in
combination with total cost of ownership analysis
* Technology optimization: Deriving full benefit of technology solutions, such
as telematics, that deliver near real-time access to fleet data and analysis
including vehicle asset performance metrics, trend charts and customizable
mapping.
* Vehicle-replacement analysis: Determining optimal time to keep vehicles in
fleet given applicable costs.
* Lease options versus reimbursement programs: Moving from mileage reimbursement
plans to company car programs.

"Business leaders are increasingly looking to GE as their strategic partner
responsible for supporting critical business initiatives," said Clarence Nunn,
president of GE Capital Fleet Services. "From increasing productivity and
optimizing their fleet operations to driving green initiatives, we specialize in
providing information, analysis, and fleet management services to help our
customers achieve their business objectives."

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 Web site at www.gefleet.com. GE Capital
offers consumers and businesses around the globe an array of financial products
and services. GE (NYSE: GE) is Imagination at Work - a diversified technology,
media and financial services company focused on solving some of the world's
toughest problems. For more information, visit the company's Web site at
www.ge.com.

GE Capital, Norwalk
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com
or
GE Capital, Fleet Services
Gina Seppi, 952-828-2236
gina.seppi@ge.com

Copyright Business Wire 2009