By Quentin Webb AMSTERDAM, April 26 (Reuters) - It will take time for cheaper funding, driven by better credit ratings, to boost the profits of General Motors Acceptance Corp. and high interest rates may hinder its performance, its chief financial officer said on Wednesday. General Motors , the world's biggest car maker, agreed earlier this month to sell 51 percent of GMAC to a consortium led by hedge fund Cerberus Capital Management, hoping to return the unit to investment-grade. ...
Premium Content (PAID Subscription Required)
"GMAC CFO sees timelag for cheaper funding boost" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642