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A triumph for Triumph

The Triumph Motorcycle team explains how GE Capital’s financing helps it to free up critical resources after a motorcycle is shipped to a dealer.

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[[♪rock music♪] [GE]]

[The Triumph is the oldest motorcycle brand around.]

[We started in 1902. [Tue Mantoni - CEO, Triumph Motorcycles]]

[And through a glorious period of growth, ]

[Triumph became the biggest motorcycle brand in the world.]

[We went through the heydays in the '50s, of the '60s and the '70s]

[with Marlon Brando and Steve McQueen riding Triumph motorcycles.]

[Because of the competition from Asia in the late '70s and early '80s,]

[we saw the British motorcycle industry essentially disappear.]

[[♪♪]]

[In the early '80s, Triumph was then reborn under new ownership.]

[And over the last 25 years, the new Triumph has then been working on]

[building what it is to be a great global motorcycle brand.]

[By having a partner like GE Capital in our business,]

[we can focus on our core business--]

[developing great motorcycles--]

[and GE can manage the financial relationship between Triumph]

[and the dealer network.]

[[Paul Stroud - Director of Sales & Marketing, Triumph Motorcycles]]

[At any point in time, there will be up to about 12,000 motorcycles ]

[sitting across our dealer network.]

[That could be tying up funds, if anything, up to about $200,000 at any one time.]

[Clearly, that's unrealistic for a dealer to fund, ]

[so we use distribution finance that then enables us to actually have those motorcycles]

[in the showroom to present to the customer.]

[[Mantoni] Once we have built a bike and we put it into inventory and we sell it to a dealer,]

[essentially GE Capital goes in and finances that bike for us.]

[What does that mean?]

[It means that we can free up the cash for that bike]

[and the dealer can also free up cash for that bike.]

[[Steve Reynolds - Relationship Manager, GE Capital]]

[One of the key successful factors in our relationship with Triumph]

[is really getting under their skin, understanding their distribution strategy]

[at the manufacturing level, ]

[understanding the requirements of their dealers and the seasonality of the business.]

[So we have over 15 years' experience with 350 of Triumph's dealers globally,]

[and that really gives us a close insight into their global distribution and marketing strategy.]

[[♪♪]]

[For me as CEO of this global business,]

[it is important at all times that we have an understanding of what's happening]

[in all our markets.]

[And GE Capital will bring me that understanding of out in the network]

[where we can do better, if there's any best practice that we can pick up,]

[if we have some financial issues with some dealers in some countries--]

[that could be Germany, US, or France.]

[Having those regular meetings and regular interactions and this close partnership]

[will help us build a stronger business going forward.]

[[motorcycle revving] [♪♪]]

[[GE - imagination at work]]