ST. PAUL, Minn.--(BUSINESS WIRE)--March 15, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year partnership with Polaris, to provide Polaris customers with installment financing for motorcycle, ATV, snowmobile and accessory purchases. The program, which aligns two leaders in the powersports industry, will launch nationwide on April 1 to the Polaris network of 1,500 independent dealers.
"Installment financing is a great tool in the powersports business, and we want to offer our customers the best financing options available," said Mike Malone, vice president-Finance, chief financial officer and secretary of Polaris.
The Polaris Installment Financing Program will provide a variety of financing options for Polaris dealers and attractive customer terms, including seasonal promotions. With more than 15 years in the powersports market, GE brings significant industry expertise and a knowledgeable service team to support Polaris dealers and customers. This new financing program also complements GE's existing relationship with Polaris, which includes inventory financing and warranty services.
"Polaris is a recognized leader in the powersports industry and has a loyal following of riding enthusiasts," said Glenn Marino, president of GE Consumer Finance's Retail Sales Finance unit. "We are excited to team up with Polaris to offer installment financing to their customers."
Information about the complete line of Polaris products is available from authorized Polaris dealers, or from the Polaris homepage at www.polarisindustries.com. With annual 2005 sales of $1.9 billion, Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles (ATVs), Victory motorcycles and the Polaris RANGER(TM) for recreational and utility use. Polaris is a recognized leader in the snowmobile industry and one of the largest manufacturers of ATVs in the world. Victory motorcycles, established in 1998 and representing the first all-new, American-made motorcycle from a major company in nearly 60 years, are rapidly making impressive in-roads into the motorcycle cruiser marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships. Consumers can also purchase apparel and vehicle accessories anytime at www.polarisindustries.com. Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol "PII," and the company is included in the S&P Small-Cap 600 stock price index.
About Retail Sales Finance and GE Consumer Finance
Retail Sales Finance, based in Kettering, Ohio, is part of GE Consumer Finance and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in key industries: powersports, home improvement, outdoor equipment, automotive/recreational vehicles, consumer electronics and appliances, furniture, floor covering, jewelry, and health care. With $163 billion in assets, GE Consumer Finance, a unit of General Electric Company (NYSE: GE - News), is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Consumer Finance, based in Stamford, Connecticut, offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
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Contacts GE Consumer Finance
Cristy Williams, 678-518-2596