Please convince me

Bubsie

Well-Known Member
You're reading this incorrectly.... it means they are trying to withdraw from being a captive lender
It's nothing to do with their auto loan financing. It's like maxing out your credit card revolving accounts with cash advances.

"General Motors said Tuesday it is “aggressively pursuing austerity measures” and intends to draw down $16 billion from its revolving credit facilities."
 
Top