I mean why?
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WF took over Volkswagen’s in-house financing for the US last year right? Is there something I’m unaware of going on in the auto space?
I doubt anyone wants our auto loan biz. Selling it probably isn't a reasonable option. Of course, to Shart that means 'just close it down'. This guy is ridiculously inept.
Just look at the balance sheet and see how much per year annually it adds to the Net Income.
We only do floor planning, correct?
People have been talking about Auto being sold off for years on this board.
It most likely isn't happening.
Because no one can afford new cars with cash anymore, I guess?