TITLE

GMAC Spinoff May Yet Sour Imitators

AUTHOR(S)
Freed, Dan
PUB. DATE
January 2007
SOURCE
Investment Dealers' Digest;1/29/2007, Vol. 73 Issue 4, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that after General Motors corp. announced it was looking to sell its GMAC financing unit, automobile industry watchers began wondering if Ford Motor Co. would do the same with its Ford Motor Credit division. It appears unlikely that other auto makers will follow suit anytime soon. The reason auto makers are seen as unlikely to sell their financing units is that the lending arms are often the most profitable businesses they own.
ACCESSION #
23884180

 

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