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Posted: 3/23/2006 1:35:26 PM EDT
hope this isn't a dupe. went back 5 pages and didn't see anything.

Business Week article
Link Posted: 3/23/2006 1:36:47 PM EDT
The only part that made money. I wonder how long they have left.
Link Posted: 3/23/2006 1:38:08 PM EDT

Originally Posted By dolanp:
The only part that made money. I wonder how long they have left.



That's what I was thinking. The finance side of the auto business, be it the manufacturer or a dealer, is the real money maker.
Link Posted: 3/23/2006 1:39:27 PM EDT
FYI It's only one division of GMAC, and it's the controlling stake, not 100%.
Link Posted: 3/23/2006 1:43:04 PM EDT

Originally Posted By LARRYG:

Originally Posted By dolanp:
The only part that made money. I wonder how long they have left.



That's what I was thinking. The finance side of the auto business, be it the manufacturer or a dealer, is the real money maker.



Thinking the same thing, GM must be tanking fast if they need to sell their Golden Goose.

Interest financing is what kept Sears alive, just like Dave Ramsey said: " Sears was nothing more than a Credit Card company with some stuff for sale in the window."
Link Posted: 3/23/2006 1:50:55 PM EDT
GM is still just slowly liquidating itself.

They are dying slowly and painfully.

Link Posted: 3/23/2006 1:52:08 PM EDT
[Last Edit: 3/23/2006 1:53:04 PM EDT by macman37]

Originally Posted By LARRYG:

Originally Posted By dolanp:
The only part that made money. I wonder how long they have left.



That's what I was thinking. The finance side of the auto business, be it the manufacturer or a dealer, is the real money maker.



Guys, read the article:


...a 78 percent stake in the commercial mortgage business


Not cars. Edit: I know this doesn't look great for GM but it's a needed short-term cash infusion.
Link Posted: 3/23/2006 2:11:47 PM EDT
[Last Edit: 3/23/2006 2:12:29 PM EDT by LARRYG]

Originally Posted By macman37:

Originally Posted By LARRYG:

Originally Posted By dolanp:
The only part that made money. I wonder how long they have left.



That's what I was thinking. The finance side of the auto business, be it the manufacturer or a dealer, is the real money maker.



Guys, read the article:


...a 78 percent stake in the commercial mortgage business


Not cars. Edit: I know this doesn't look great for GM but it's a needed short-term cash infusion.



Okay, okay. I didn't post anything else after your first post. The link does not work for me anyway. The first time I ever agreed with donalp and even that was wrong.
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