"A bank that happened to sell cars"
That's what they used to call GMAC*, now known as GM Finance.
GMAC was always incredibly profitable: making money on money is so much easier than making money on actual cars ;-)
Even today, in the middle of the COVID-19 crash
GM Financial sails on, profits a little down but still above ten percent, compared to ZERO for the auto business.
I think the execs at GM are grateful for their lending arm!
So... Why not do the same ourselves?
"In short, GM Financial is 3X-5X more profitable than GM automotive."
Source: Analysis of GM Sales Revenue and Profitability, August 5, 2020
Why not indeed!
These days, our capital is growing fast. So for the first time, we can actually invest in the equipment that we include in those cool Water as a Career™ packages!
But... do we still plan to have outside investors for water equipment financing**?
That's a question I will answer tonight, at 5pm Pacific, 8pm Eastern. Just click here to register!
Water as a Career business update
COO Tom Marchesello has been driving the new WaaC program and will report on progress tonight.
He will also tell us what Chief Engineer Dan Early and the team at Progressive Water Treatment™ and Modular Water Systems™ have been up to... How's August going?
So join me at 5pm Pacific, 8pm Eastern TODAY THURSDAY. Just click here to register!
Yours in water,
President & CEO
OriginClear, Inc. (OCLN)
Make sure you're signed up for my Live CEO Briefing TODAY! 5pm Pacific, 8pm Eastern... Sign up now!
* GMAC: General Motors Acceptance Corporation, now GM Financial, finances GM car sales.
** No investment offer is made or implied by this information. The company is internally funding pilot projects for now, but also exploring partnerships with established financing providers to handle anticipated demand.