CHICAGO--(BUSINESS WIRE)--
Citi Retail Services today announced a long-term agreement with Kawasaki Motors Corp., U.S.A., to provide a private label credit card program in the United States.
Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and Jet Ski® watercraft through a network of approximately 1,100 independent retailers, with close to an additional 7,700 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 260 of them located at KMC's Foothill Ranch, California headquarters. Citi Retail Services is one of North America’s largest and most experienced retail credit solution providers with the partnership leveraging Citi Retail Service’s expertise in dealer network programs.
The new program will provide financing options for Kawasaki vehicles, including motorcycles, ATVs, side x side vehicles and Jet Ski® watercraft, as well as accessories and apparel. Additionally, with Citi Retail Services support dealers will now be able to offer more flexible financing terms to customers. Kawasaki’s program with Citi Retail Services begins on February 1st and customers will be able to apply for credit through an authorized Kawasaki dealership.
“This new agreement with Kawasaki is a strong addition to our powersports and equipment platform,” said Craig Vallorano, Head of Citi Retail Services. “We are excited to work with Kawasaki, and we look forward to furthering our leadership in the dealer network distribution market space.”
“Kawasaki is always striving to offer our customers the best product on the market,” said Bill Jenkins, Senior Vice President, Sales Operations at Kawasaki Motors Corp., U.S.A. “This new Citi Retail Services agreement is a great way to provide more consumer finance options for current and future Kawasaki customers to be able to enjoy our products. We look forward to working with Citi Retail Services and introducing them to Kawasaki’s strong dealer network.”
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
About Kawasaki
Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and Jet Ski® watercraft through a network of approximately 1,100 independent retailers, with close to an additional 7,700 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 260 of them located at KMC's Foothill Ranch, California headquarters. Kawasaki’s tagline, “Let the good times roll.®”, is recognized worldwide. The Kawasaki brand is synonymous with powerful, stylish and category-leading vehicles. Information about Kawasaki’s complete line of powersports products and Kawasaki affiliates can be found on the Internet at www.kawasaki.com.
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