GMAC Expects $2.5 Billion Income in 2005
NEW YORK -- General Motors Acceptance Corp., the finance arm of General Motors, said it expects full-year consolidated net income of at least $2.5 billion, reported Reuters.
NEW YORK -- General Motors Acceptance Corp., the finance arm of General Motors, said it expects full-year consolidated net income of at least $2.5 billion, reported Reuters.
The unit said it expects a year-over-year net income increase from its financing operations, and a decrease from its mortgage and insurance operations.
Sanjiv Khattri, the unit's chief financial officer, presented the forecast at an investor meeting in London. GMAC also discussed it in a securities filing.
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