by Patrick Lunsford, CollectionIndustry.com
You know it?s bad at American car companies when the corporate bigwigs are considering selling off the most profitable units of the business. But that?s what happening all over Detroit these days.
Only a few months after General Motors sold a majority stake in its financing arm, the Detroit News is reporting that Ford is considering doing the exact same thing. Ford has previously stated that it will not sell a stake in Ford Credit, but the Detroit News? sources say that everything is on the table during Ford?s massive restructuring.
The article did say that the sale of the financing arm is not the top priority in the would-be corporate turnaround.
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