DETROIT -- General Motors said on Thursday its financial arm expects net income to be at least $2.5 billion for 2005 and intends to remit dividends in excess of $2.0 billion to the automaker.
General Motors Acceptance Corp. expects year-over-year net income from its financing operations to be down in 2005 and net income from its mortgage and insurance operations to be up, Eric Feldstein, the unit's chairman, told an investor meeting on Thursday.
His comments were also contained in a filing with the U.S. Securities and Exchange Commission.
The finance company, which has been a major source of profit for the world's largest automaker, first revealed its outlook for 2005 in January. The forecast has been reiterated by various executives at analyst meetings.