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Navistar turns to GE Capital

Published Tuesday, March 09, 2010

Retail truck and bus financing for Navistar (NYSE: NAV) customers and dealers in the U.S. will be expanded under a new alliance with GE Capital (NYSE: GE) announced by the two parties today. Under the agreement, GE Capital will become Navistar’s “preferred provider of retail financing solutions,” according to a press release issued by the two. The new relationship only involves retail financing currently handled by Navistar Financial Corp., a wholly owned subsidiary of Navistar, according to a company spokesperson. Some 60 NFC employees currently handling retail business will join GE Capital to manage the new ...

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