GM sell majority interest in GMAC

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[ARCHIVED THREAD] - GM sell majority interest in GMAC

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

Posted: 3/23/2006 1:36:47 PM EDT

[#1]

The only part that made money. I wonder how long they have left.

Posted: 3/23/2006 1:38:08 PM EDT

[#2]

Quoted:
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.

Posted: 3/23/2006 1:39:27 PM EDT

[#3]

FYI It's only one division of GMAC, and it's the controlling stake, not 100%.

Posted: 3/23/2006 1:43:04 PM EDT

[#4]

Quoted:
Quoted:
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."

Posted: 3/23/2006 1:50:55 PM EDT

[#5]

GM is still just slowly liquidating itself.

They are dying slowly and painfully.

Posted: 3/23/2006 1:52:08 PM EDT

[#6]

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.

Posted: 3/23/2006 2:11:47 PM EDT

[#7]

Quoted:
Quoted:
Quoted:
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.

[ARCHIVED THREAD] - GM sell majority interest in GMAC

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