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The Brazilian government has instructed the state-run Banco do Brasil to make $1.7 billion available to carmakers' financing units.
Carmakers' financing units encourage demand for a company's products and allow the companies to collect lending profits that might otherwise go to banks.
From 1998 to 2001, the state financed 16,500 units of affordable housing around the state.
The operations being sold include auto finance units in Germany, Britain and Brazil, totaling some $16.1 billion in assets.
Another problem for the financing units is the rising number of bankruptcies and defaults.
In a conference call, Mr. Immelt said the transportation, health care and finance units would drive earnings in 2011.
Many analysts and even Sony employees say Sir Howard could spin the finance units off as early as next year.
A new manager and board may be appointed to oversee the financing units, Mr. Nickell also said.
So far, Sir Howard has defied expectations that he would sell larger noncore businesses, particularly the three big finance units.
The automakers have ponied up billions of dollars to their financing units to make up the difference on the below-market financing.
Local and regional governments have also been borrowing heavily, as have special financing units that many of them have set up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com