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I am not entirely sure where that comes from.

Let’s take a look at GM, as those numbers are readily available.

GM Financial: $13.419 billion in 2021 GM: $127 billion in 2021 https://en.wikipedia.org/wiki/GM_Financial

Seems to be a lot more revenue coming from the cars than the financing…



True, but the Net Income numbers ($3.8 billion from GM Financial, $9.9 billion at all of GM) are a lot closer. Looks like 38% of GM Net Income is earned by GM Financial?




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