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GE Capital Solutions Embarks on Major Drive Into Medium Duty Trucking

June 28, 2007

Danbury, Conn. — GE Capital Solutions’ Transportation Finance unit has launched a full range of financial solutions, from leases and loans to wholesale floor plan financing, to the medium duty truck sector (classes 4-7) specifically targeting operators and dealers of small and medium fleet sizes.

According to officials, GE Capital Solutions is working closely with truck manufacturers and dealer networks to provide best-in-class service and technology, enabling them to sell more products to customers. Based in six offices across the U.S., GE Capital Solutions aims to become the premier provider of medium duty truck financing by 2010.

“This is a bold statement of intent, but one we’re well positioned to achieve if we keep focusing on customer service, reliability, speed, industry knowledge and a true partnership approach,” said Dan Clark, general manager of GE Capital Solutions, Transportation Finance. “GE Capital Solutions has assisted the wider US trucking industry for over 30 years, through many economic cycles, and we now look forward to sharing this expertise and our full product suite with the medium duty sector.

“Technology can be a real differentiator for dealerships and we have built an auto-approval system to enable medium duty truck dealers to receive credit approval in minutes — helping them give their customers top service. Already, 50 percent of all the deals we’re seeing in the market are approved via the auto-decisioning technology.”

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