Your English writing platform
Discover LudwigExact(32)
Ford Credit, the financing division, has been troubled by an aggressive practice of making risky loans.
Instead, Mr. Kozlowski said, Tyco will split off only its big financing division, the CIT Group.
ABB made it through that crisis by issuing bonds instead, but soon put the financing division up for sale.
Mr. Furrer, 43, works in New York as a vice president for syndications in the equipment financing division of Wells Fargo & Company, the financial services company.
Tyco plans to spin off or sell CIT, its financing division, as soon as possible, a move that should strengthen both CIT and Tyco, Mr. Kozlowski said.
Earnings at G.M.'s financing division, the General Motors Acceptance Corporation, which has been the mainstay of the company's profits, rose to $656 million from $630 million.
Similar(28)
The losses will be at its car financing divisions.
Lloyds announced today that 985 full and part-time positions will be lost at its car financing divisions.
All of the Big Three automakers have been helped recently by their financing divisions, which offer car loans and other services.
Although automakers do have their own financing divisions and car-lease initiatives, these are also suffering as liquidity dries up.
His holdings have included the once struggling G.M. automotive-financing division, the controversial defense contractor DynCorp, and the Bushmaster assault-rifle brand.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com