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As a side note for people wondering why they have so much debt, it's mostly from their financing department. The list of most indebted companies is comprised of
by Goz3rr 3y ago
As a side note for people wondering why they have so much debt, it's mostly from their financing department. The list of most indebted companies is comprised of mostly car makers for that reason: VW, Ford, Toyota and BMW make up half the top 8.
- ZephyrBlu 3y agoSo their debt is almost more like bonds (E: maybe bank loan is a better equivalent) than what most people would think of as debt? Like, if they stopped selling cars today they would theoretically recoup all of that debt once all the cars they've sold have been fully paid off via financing.
- WastingMyTime89 3y agoYes, in a lot of way, modern car companies are actually banks which happen to manufacture cars.