FCA to begin leasing classic motorcycles at no cost
A new company called Scooter Motorcycles has unveiled plans to lease and sell classic motorcycles, including the original Ford Motor Company-owned F-150, Oldsmobile and Plymouth.
According to Scooter, it has secured a 10-year, $250 million loan from Ford Motor Co. that will allow the company to lease a fleet of up to 600 vintage motorcycles and to sell them for a discounted price.
Scooter is seeking an initial public offering in the first quarter of 2020, according to its website.
The company also has a contract with an Ohio-based firm, Hightower Motors, to build and lease motorcycles.
The new company will be headed by former Ford Motor CEO James B. Fields and will have a sales team of five, including an executive vice president, according the company’s website.
Scooter’s website says it will use “an extensive team of motorcycle experts” to oversee its business and marketing.
F-150 owners have expressed concern over the new company, which could offer a lower price for vintage motorcycles than the company currently offers.
A Scooter spokesperson said that the company has made a number of improvements in the past few years.
“We have made significant improvements in our marketing, sales, and operational strategies and we are currently recruiting additional personnel,” the company said in a statement.
The F-16 Raptor was built by the Ford Motor Corporation in 1955 and is considered one of the best fighter aircraft of all time.
It was built as a fighter and used in World War II, and it became the first U.S. fighter jet to fly missions in the Pacific.
It is the most successful military aircraft in history, and remains the world’s most popular military aircraft.
Scooters website said the new leasing agreement will give Scooter a “unique opportunity to provide our customers with the best possible customer experience.”