GE, Navistar Expand Financing Relationship
GE, Navistar International, a manufacturer of trucks, buses and diesel engines, and Navistar Financial Corp (NFC), a wholly owned subsidiary of Navistar, have jointly expanded financing relationship, under which GE Capital will become Navistar's preferred provider of retail financing solutions to support sales of Navistar trucks and school buses in the US.
AJ Cederoth, executive vice president and CFO of Navistar, said: We are very pleased to be expanding our long relationship with GE Capital. This new alliance will enable Navistar to better support our dealer network and invest more capital in what we do best, which is to manufacture and sell top-quality products.
David Johanneson, president and CEO of Navistar Financial, said: GE Capital is a leader in transportation financing and has been a great financing partner to our dealers in Canada for over 20 years. We look forward to working closely with GE Capital to provide a broader and more competitive set of financing options to customers in the US.
Dan Henson, CEO of GE Capital, Americas, said: As GE Capital has been working to become a more focused financial services company, we also continue to invest and grow our core businesses. Our expanded financing relationship with Navistar, a leader in the transportation industry, enables us to apply our nearly 40 years' experience in transportation finance and in supporting leading OEMs and dealer networks across the US economy to help drive Navistar's growth.
Related Insight
Suppliers Directory
Auto Components Chassis & Suspension Powertrain Paints & Materials
Technology Automobile Technology Testing
Leasing & Insurance
Supply Chain Automobile Distribution Fleet Management
Green Technology Green Vehicles Green Powertrain
Automobile Manufacturing Intelligence
“Competing For Share Of Global Automotive Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the chemicals industry. The report also identifies automotive manufacturers and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.