US CREDIT-No panacea in sight for captive finance firms

Newswire

By Dena Aubin NEW YORK, March 24 (Reuters) - Navistar International's credit profile is likely to benefit from turning over more financing operations to General Electric, but such arrangements may not be a panacea for other industrial finance companies. Navistar , a maker of trucks, buses and diesel engines, announced on March 9 that GE's finance arm would become the primary source of retail or consumer loans for its trucks and school buses in the United States. GE has provided financing ...

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