Communication with external loans to General Motors to co-operate to provide car loans
Sina Financial News morning Beijing time on July 10, according to foreign media reported yesterday, according to four sources familiar with the matter said Friday, General Motors has decided not to create their own financial sector, but with JP Morgan Chase Bank of America (Bank of America Corp) and Wells Fargo Bank (Wells Fargo & Co), and other financial institutions to improve their lending capacity of the negotiations.
asked not to be the four anonymous sources, these banks will offer General Motors car loans and leases, to help the company increase its car sales.
sources had previously said GM Chief Executive Officer Edward Hui Take Li (Ed Whitacre) is planning IPO (initial public offering) market prior to the company's return to financial markets. Sources said General Motors is considering buying back the original attached to the company's financial services company General Motors (GMAC), and from creating a bank or business cooperation and other forms of external loans, to provide consumers with more financing options. (Civil and military)
