Report: GM decides not to create its own finance unit, will investigate teaming with banks
Filed under: Government/Legal , GM , Earnings/Financials Another piece of General Motors ‘ IPO puzzle has been solved: in spite of CEO Ed Whitacre’s desire to add a captive finance arm to GM’s operations, the company looks set to go without. Acquiring in-house financing always stuck out in Whitacre’s aggressive battle plan for getting an IPO done later this year and the hurdles of getting back in with GMAC required untangling enough knots to make King …
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