Article: Terex Announces Introduction of Terex Financial Services.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--Jan. 10, 2003

Terex Corporation (NYSE: TEX) announced today the formation of Terex Financial Services.

This financial services unit will offer Terex customers a complete line of financial products and services to assist in the acquisition of Terex equipment. In North America, Terex Financial Services will work with a dedicated team from GE Vendor Financial Services (VFS), a leading financial services and solutions provider.

Commenting on the announcement, Ronald M. DeFeo, Terex's Chairman and Chief Executive Officer, said, "Terex Financial Services represents an important advance in ...

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