April 2005
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p50
Trade Publication
The article presents information on investment banking in various industries as of April 2005. GE Commercial Finance said it will buy Bombardier Capitol's inventory finance unit for $1.4 billion in cash as well as take over $1 billion in debt. The Bombardier division provides floor-plan financing for a range of vehicles, including snowmobiles, ATVs and boats. General Motors Corp. reported its greatest quarterly loss in more than a decade. The $1.1 billion loss comes as the company is struggling with enormous healthcare costs, sluggish sales and continued marketshare inroads by Asian car makers. INSET: In The News.


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