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)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.