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>Some dealerships like GM, used to also have a bank. GMAC. Ford w/ FMC. If you went by profitability, for many years it was probably more correct to describe G
by gozur88 9y ago
>Some dealerships like GM, used to also have a bank. GMAC. Ford w/ FMC.
If you went by profitability, for many years it was probably more correct to describe GM and Ford as banks that had a side business in automobile manufacture.
- LoSboccacc 9y agoThat's also for tax dodging. Banks don't own money only lends it at risk, maker don't earn money keeping margin low, win win