| Article 263-4 - New finance for Ducati motorcycles in Europe |
New finance for Ducati motorcycles in Europe
Dunlop's Business News service reports that Bologna-based Ducati and its dealer network will receive a pan-European "floor-plan" financing facility of up to 50 million Euros from GE Capital, following an agreement recently signed by both parties.
Under the terms of the agreement, GE Capital will finance Ducati's motorcycles from the time they leave the factory until the sale to the end-customer, providing Ducati's European dealership network with additional liquidity and extended payment terms.
The new financing program, which will be progressively activated across Europe, will be immediately available to Ducati's dealer network in the United Kingdom and to a number of Italian dealers.
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