GE Capital has signed an
agreement to provide Italy’s Ducati and its dealer network with a
pan-European ‘floor plan’ financing facility of up to €50m
(£44m).
Under the agreement, GE Capital
will finance Ducati’s motorbikes from the time they leave the
factory until they are sold to customers, providing the
manufacturer’s European dealership network with additional
liquidity and extended payment terms.
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The financing programme will be
immediately available to Ducati’s UK dealer network and to a number
of Italian dealers, before being extended across Europe.
Ducati financial director Paolo
Poma said the agreement is focused on Ducati’s European dealers, to
help them generate more sales, and to support them with dedicated
credit lines and enhanced payment terms for their Ducati motorbike
stock.
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