Quote:
Originally Posted by ohiobuckeyes
Autonews is reporting the GM has purcahsed AmeriCredit for it's captive finance company
AmeriCredit Corp. in an all-cash deal valued at $3.5 billion.
|
I just read the story and the acquisition of AmeriCredit makes sense from the standpoint of allowing GM to get back into the consumer loan market as a captive. That said, GM officials indicated they expect AmeriCredit to make up less than 10% of the loans made to GM customers.
I'm still betting that GM has an interest in CF. CF provides a solution for getting back in the floorplan and leasing business and as Ralph mentioned, CF has the systems and technology that would provide GM with a "turn-key" solution. Time will tell....