AUSTRIA – July 7, 2011 – (Motor Sports Newswire) – Pan-European co-operation agreed between KTM and Santander Consumer Finance by offering financing options for the complete range of KTM vehicles and related products.
KTM-Sportmotorcycle AG and Santander Consumer Finance have reached an agreement to provide consumer financing services to customers. KTM-Sportmotorcycle AG* is the world’s leading manufacturer of off-road sports motorcycles and the second largest motorcycle manufacturer in Europe. Santander Consumer Finance** is a leading global player in the consumer finance industry and one of the largest vendor-independent financiers in the car and motorcycle field.
The Pan-European co-operation is being launched by offering financing options for the complete range of KTM vehicles and socalled “related products”, such as PowerParts and PowerWear.
KTM CEO Stefan Pierer is delighted with the cooperation that has been finalized with Santander Consumer Finance: “We are extremely pleased about the cooperation with Santander Consumer Finance, which promises a great deal. Both companies are worldwide market leaders in their respective fields. Therefore, our customers who wish to finance their next KTM product will have the security of receiving the best deal, the best care and the best service.”
The KTM-Sportmotorcycle AG is a leading global manufacturer of sports motorcycles. KTM has won over 188 world championship titles in various classes and has won the Dakar Rally ten times. KTM-Sportmotorcycle AG, develops and manufactures race-ready off-road and street motorcycles, ATVs and the lightweight super sports car X-BOW. With around 1,600 employees and 21 subsidiaries worldwide the Group achieved a turnover of 459.8 million euro in 2010. Approximately 1,400 independent distributors around the world were able to sell 65,942 vehicles in the past financial year.
Santander Consumer Finance (SCF) is a leader in the consumer finance industry with a focus on vendor-independent financing of motor vehicles. It is present in Austria through Santander Consumer Bank, a company leader in the financing of consumer goods with 260,000 customers. In addition, Santander Consumer Bank offers internet cash advances and loans, card products and special products through a nationwide branch network. SCF is part of the Madrid based, Banco Santander. Santander has more than 95 million customers and over 14,000 branches – more than any other international bank.