Element Financial Corporation (EFC) has reported new business volumes of $156.6m during Q1 2012 - representing an increase of $139.8m over the volumes reported for the three-month period ended March 31, 2011.

In March 2012 US manufacturing technology orders totaled $495.97m according to AMT - The Association for Manufacturing Technology.

CIT Group has announced that it jointly arranged a senior secured credit facility for K Road Power, an independent power developer, to acquire the McHenry Solar Project, a 25-megawatt photovoltaic solar project, from SunPower Corp, a Silicon Valley-based manufacturer of high efficiency solar cells, solar panels and solar systems.

Dean Vicha has been named president of NationaLease, one the largest full service truck leasing organizations in North America.

Ally Financial is increasing wholesale credit lines for auto dealers to take advantage of the US auto market momentum.