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.
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’s 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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