GM to buy financing arm for 3.5 Billion

[cycle myth]

Originally Posted by burnz

wasn't custom credit ford??
and GM holden credit card 20%??
http://www.westpac.com.au/personal-b...m-holden-card/

Not sure about Custom Credit and Ford - I don't think so. The GM credit card by Westpac 20%? - probably thats a typical credit card rate.

......not sure of the relevance?

I can say though that a strong finance arm is important to a motor company.

It held Ford up through the tough time as is huge asset.

It gives strength to the Dealer body, provides retail support and other marketing avenues to sell more cars.

GM is stronger because of this - a smart move.