GE Money and Volvo Offer Financing for Auto Repair and Services.

KETTERING, Ohio -- GE Money and Volvo Cars of North America today announced a multi-year agreement to provide consumer financing on service, parts and accessories to Volvo customers through their retail dealer network. The instant credit, no interest promotional financing card program, managed by GE Money's Sale Finance unit, offers Volvo owners an easy, convenient way to pay for auto repair and maintenance through a no annual fee credit card.

"Reliable, stellar service is a vital component of the Volvo ownership experience," said Chris Dauerer, vice president of customer service for Volvo Cars of North America. "GE Money's long-held reputation of excellence complements our commitment to our customers and we are pleased to work with them in offering such a convenient, cost effective auto maintenance financing program."

Volvo owners can apply for and use the credit program at participating authorized Volvo service workshops throughout the U.S. GE Money's internet-based finance management system, AdvanceDesk(sm)provides Volvo dealerships with an easy, secure way to offer instant credit to customers for auto repair and services. Convenient online account management is also available for cardholders.

"We are extremely pleased to have teamed with Volvo and to be part of the phenomenal customer service experience in their Volvo parts and service retailers," said Steve Roe, general manager, Automotive, GE Money - Sales Finance. "Volvo owners can now take advantage of a financing program created specifically for auto services and repairs, making budgeting and paying for these expenses easier and more convenient than ever before."

About Volvo

Volvo Cars of North America, LLC (VCNA) is a subsidiary of Volvo Car Corp. of Goteborg, Sweden. VCNA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, and oversees Volvo operations in Canada and Mexico. For more information, visit www.volvocars.com.

About GE Money

With more than $200 billion in assets, GE Money, a unit of General Electric Company, (NYSE: GE) is a leading provider of retail banking and credit services to consumers and retailers in more than 50 countries around the world. With more than 130 million global customers, GE Money, based in London, UK, offers a range of financial products, including private label credit cards, personal loans, bank cards, mortgages, debt consolidation and home equity loans and credit insurance. More information can be found at www.gemoney.com. GE Money's Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in more than 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment, sporting goods and travel.

GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at www.ge.com.

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