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GE Capital Announces Expanded Financing Relationship with Doosan Businesses, Including Bobcat - Extension of 40-year Bobcat program benefits dealers and retail buyers
GE Capital Announces Expanded Financing Relationship with Doosan Businesses, Including Bobcat

 

PRZOOM - /newswire/ - Irving, TX, United States, 2012/02/13 - Extension of 40-year Bobcat program benefits dealers and retail buyers. NYSE: GE

   
 
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GE Capital, Equipment Finance announces an extension of its 40+ year vendor financing relationship with Bobcat Company. In addition, GE Capital is launching a new vendor financing program for Doosan-branded heavy industrial equipment starting this month. The entities are part of Doosan Infracore Construction Equipment, a leader in the engineering, manufacturing, marketing and distribution of compact and heavy construction equipment, attachments and articulated dump trucks.

"In this gradually improving economy, we’re committed to providing our dealerships and their customers with simple, competitive financing options that will make it easier to acquire equipment," said Rich Goldsbury, Bobcat and Doosan president of North America and Oceania.

"Key to our strategy has been the strategic relationship between our business and GE Capital," added Ed Hetherington, president of Doosan Infracore Financial Solutions. "We’ve relied on our financing provider for its comprehensive suite of financing solutions and extensive web-based customer service capabilities."

In addition to offering financing, dealers who work through GE Capital benefit from a suite of inventory management capabilities as well as a robust retail program, efficient online tools and dedicated account management.

"Thanks to our expanded relationship with Doosan, we can do even more to help dealers and customers grow their businesses well into the future," said Jim Kelly, general manager of GE Capital’s Vendor Finance business.

About Doosan Infracore Construction Equipment

Doosan Infracore Construction Equipment is a global strategic and business alliance of the construction equipment businesses of Doosan Infracore Co., Ltd. and its affiliates, including Doosan Infracore International, Inc. Doosan Infracore is an industry leader in the engineering, manufacturing and marketing of compact and heavy construction equipment, attachments, air compressors, lighting systems, generators and articulated dump trucks. Its world-renowned brands include Doosan, Bobcat, Montabert, Geith, Tramac, Doosan Moxy and Doosan Infracore Portable Power. Relying on more than 3,500 dealers worldwide, Doosan Infracore products have been used in countless projects all over the world to help customers do their jobs more efficiently and effectively.

About GE Capital, Equipment Finance

GE Capital, Equipment Finance businesses include Vendor Finance, Dealer Finance, Transportation Finance and Healthcare Financial Services-Equipment Finance. Vendor Finance operates more than 40 programs across multiple collateral types, providing billions of dollars annually to support equipment manufacturers and dealer networks. With long-term relationships and dedicated channel support, Vendor Finance works with small, medium and large enterprises to offer full-service solutions including wholesale and retail products as well as cutting-edge account management capabilities.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

 
 
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GE Capital Announces Expanded Financing Relationship with Doosan Businesses, Including Bobcat

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Contact: Lisa Tibbitts - GE Capital, Americas 
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