Want To Buy A Used Finance Company
But now, doing comparative anatomy on these long-time rivals has gotten a lot more interesting. They’re both hot to pile up cash to buy time to turn themselves around, but they’ve taken radically different approaches to raising money from the family jewels: their finance companies. Both these babies have churned out steady profits, parental problems notwithstanding. This makes them very desirable properties. GM is rolling the dice, big time, by selling a majority stake in GMAC to outside investors led by Cerberus Capital, named after the mythical three-headed dog that guards the gates of hell....