GE will suspend dealer financing
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Times Wire Services
General Electric Co. told dealers that it would no longer offer the financing they use to buy manufactured homes for their showrooms beginning next month because of the fallout from the global credit crunch.
The company said the suspension of financing was temporary, without providing a date for when it would be restored.
Dealers use the credit to buy the factory-built homes from companies such as Riverside-based Fleetwood Enterprises Inc.
