Hiển thị các bài đăng có nhãn financing. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn financing. Hiển thị tất cả bài đăng

Thứ Ba, 10 tháng 1, 2006

Financing - the only profit for GM in 2005

Not everyone knows, but General Motors actually makes money by selling auto insurance and offering mortgages. The company made $2.22 billion doing just that during 2005.

Meanwhile the GM lost $3.8 billion in the first three quarters of 2005 selling their vehicles, or on average - $539 for each of their auto being sold.

The Ford auto company had posted similar figures - it made $2 billion profit in financing while losing $1.4 billion in those first three quarters on their autos ($576 per vehicle sold).

Also, the two companies combined sold $38billion in consumer loans last year.