FOR IMMEDIATE RELEASE:
January 29, 2009
Kathleen C. Searle
Vice President – Communications
Manager – Marketing Communications
(AUGUSTA, GA) — Despite recent news of a pending liquidation of many Textron Financial Corporation (TFC) assets, the company's commitment to financing sales of fleet golf cars, turf-maintenance vehicles, and other equipment from E-Z-GO, a Textron Inc. (NYSE: TXT) company, remains as strong as ever.
A December announcement by Textron stated the company would sell or liquidate approximately $7.9 billion of the $11.4 billion portfolio of Textron Financial. TFC will, however, continue to finance customer purchases of Textron-manufactured products, including all E-Z-GO and Cushman vehicles and Jacobsen products related to the golf and turf industries.
“E-Z-GO customers and the golf industry can expect the same level of service and commitment to quality that they have always enjoyed from E-Z-GO and Textron Financial Corporation,” said Michael R. Parkhurst, vice president of global sales for E-Z-GO. “Whether you already have financing in place with TFC, or need to finance a new deal for a fleet of E-Z-GO golf cars and turf-maintenance vehicles, E-Z-GO and TFC stand ready to help.”
For more information about E-Z-GO and its entire line of golf cars, turf-maintenance vehicles and other light-transportation products, visit www.ezgo.com or call 1-800-241-5855.
E-Z-GO, a Textron Company, is a leading manufacturer of golf cars and utility vehicles. E-Z-GO is the preferred golf car fleet provider for seven of the top 10 of America’s 100 Greatest Golf Courses as ranked by Golf Digest. E-Z-GO is also the golf car of choice of nine of the nation’s 10 largest course-management companies. E-Z-GO boasts the largest sales and service network in the industry, with more factory branch locations and independent distributors than any other manufacturer.
More than a maker of golf cars, E-Z-GO is also a leading provider of industrial, turf and utility vehicles for a variety of applications and industries. Products under the E-Z-GO flagship include the Shuttle Personnel Carrier, ST Trail Utility vehicles, and the Clays Car, the world’s first vehicle designed specifically for the sporting clays shooter. E-Z-GO also produces the Cushman line of heavy duty burden carriers.
Founded in 1954 in Augusta Ga., E-Z-GO became part of Textron Inc. in 1960. Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
Textron Inc. (NYSE: TXT) is a $14.2 billion multi-industry company operating in 28 countries with approximately 42,000 employees. The company leverages its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
Special note to Editors: The correct spelling of ‘E-Z-GO’ is with all capital letters and two hyphens.