Charlotte, NC - January 26, 2009 - Despite recent news of a pending liquidation of many Textron Financial Corporation (TFC) assets, the company's commitment to financing turf equipment from Jacobsen, a Textron Inc. (NYSE: TXT) company, and Cushman utility vehicles 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 Jacobsen turf equipment, Cushman and E-Z-Go products related to the golf and turf industries.
"TFC's support for Jacobsen is unwavering, and our dedication to our customers is resolute," said Joe Cunningham, Jacobsen vice president of marketing. "Jacobsen customers can expect the same level of commitment now that we have been known for since we started making mowers in the 1920s – and that commitment includes producing the finest turf equipment available today, financing that equipment, and providing industry-leading product support for each of our machines."
For more information about Jacobsen products, visit www.Jacobsen.com, or call 1-888-922-TURF.
About Jacobsen
Jacobsen manufactures a full range of turf maintenance equipment and utility vehicles to meet the needs of today’s customers who manage and maintain golf courses, sports fields and municipal grounds. Jacobsen ensures every product performs to the standards of these top-level professionals by asking for and listening to their feedback throughout the product lifecycle, providing dedicated support and service training and conducting thorough testing for quality and reliability. The company markets Jacobsen brand products in the U.S. and internationally through an extensive independent distribution network and the Ransomes brand through independent distribution in Africa, Asia, Europe, the Middle East, North America, Oceania and South America. Jacobsen, headquartered in Charlotte, N.C., is a Textron company. Additional information about the company, its products and commitment to customer support is available at www.Jacobsen.com.
About Textron Inc.
Textron Inc. is a $12.6 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.