GM wants more subprime buyers; will lender agree?

Government motors (GM) wants to sell more cars, but to do so it needs to generate more high risk loans. Deja Vu anyone?

If your credit isn't good, General Motors Co. still wants to sell you a car.

The problem is, it can't. At least not in big numbers. That's why the automaker wants more control over its lending again.

GM's top North American executive Mark Reuss, under pressure to quickly sell more cars and boost GM's value as it gets ready to sell stock to the public, said a shortage of subprime lending is holding back sales in the U.S.

Source: finance.yahoo.com