GE Capital to Support Initial Rollout of Motus Motorcycles Through Dealer Inventory Financing
Helps new U. S. manufacturer of performance bikes build distribution network
CHICAGO--(BUSINESS WIRE)-- GE Capital's Commercial Distribution Finance (CDF) business has agreed to provide Motus Motorcycles with inventory financing to support the expansion of its dealer network in the U.S.
The Birmingham, AL-based manufacturer was founded four years ago to produce premium American-made sport-touring motorcycles. Recently, Motus launched production plans for the 2013 line, its first model year.
CDF provides inventory financing for numerous brands of motorsports products, both established and emerging. This type of arrangement, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of motorcycles and related products from manufacturers. It's an important element of a successful manufacturer-dealer business model.
"Motus is extremely proud to announce our financing relationship with GE Capital," said Lee Conn, founder and president of Motus Motorcycles. "We believe stable floorplan financing will encourage more high-caliber motorcycle dealers to add Motus to their current product mix."
"Our deep expertise in the motorcycle sector allows us to support both existing and new products in the marketplace," said Neeraj Mehta, president and CEO of CDF. "We're glad to work with Motus to encourage innovation and drive adoption of leading-edge technologies in the growing motorsports industry."
Motus is a manufacturer of unique American sportbikes designed to excel in performance, comfort and range. All Motus motorcycles — the MST and premium MST-R — are powered by the mighty V4 Baby Block engine that combines high performance with low maintenance and a completely unique character that expresses the evolving heritage of the motorcycle experience. To learn more, visit www.motusmotorcycles.com or email firstname.lastname@example.org.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided nearly $32 billion in financing for more than 30,000 manufacturers, dealers and distributors across North America in 2011. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/or follow company news via Twitter (@GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYS: 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. For more information, visit the company's website at www.ge.com.
KEYWORDS: United States North America Alabama Illinois
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