While General Motors Acceptance Corp. is on track to exceed its $2.5 billion income target for 2005, the earnings objective falls short of the record $2.9 billion earned by GMAC in 2004 and would end 10 consecutive years of earnings growth. General Motors Corp.'s financing subsidiary also announces a long-term strategic financing agreement regarding its U.S. automotive retail assets with Bank of America Corp. The deal, part of a recent trend by GMAC to develop new funding channels, calls ...
Premium Content (PAID Subscription Required)
"GMAC's Earnings Growth Slowing" 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