iirc, even in the good old days, GM was more profitable as a car financing compa...

noilly on April 25, 2010 | parent | context | favorite | on: Don’t believe the hype on GM’s loan repayment

iirc, even in the good old days, GM was more profitable as a car financing company than a car manufacturing company... profits which were then transferred to employee benefits rather than reinvested in the company