Sunday, January 13, 2008

GM: No spike in car loan defaults (AP)



Rick Wagoner, chairman and CEO of General Motors, center, poses with Bill Roe, president of ethanol maker Coskata, left, and Vinod Khosla, venture capitalist,  at the North American International Auto Show Sunday, Jan. 13, 2008 in Detroit. (AP Photo/Gary Malerba)AP - General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services.




No comments: