GM heading towards a sub prime loan problem?
Looks as though they have been allowing sub prime loans more than other auto makers http://money.msn.com/investing/post--is-gm-headed-for-another-subprime-loan-crisis
Forum Discussion
goducks10 wrote:
Looks as though they have been allowing sub prime loans more than other auto makers
http://money.msn.com/investing/post--is-gm-headed-for-another-subprime-loan-crisis
"To be clear, GM, which had over $28 billion in the bank in September, isn't going bankrupt any time soon. But whether it can remain profitable is certainly an open question."
---------------------------------------
I didn't see a figure in the article regarding the percent of total GM sales involved here.
I'd still like a Corvette.
