Michael Perelman wrote:
This data goes further, showing how manufacturing companies are also morphining into fiancial agents. The Ford/GM case is now well known, but it is becoming more common.
According to the latest BEA profits release, the expert on call is:
Greg Key: (202) 606-9727 (Profits)
I've never seen the BEA make any such distinction, but they may have some obscure or unpublished data that does.
When I last looked at Ford & GM, almost all their financing activities were related to the purchase of the vehicles they manufactured.
Doug
