Cit

By James 2026-05-11 09:12:13

3(1846 votes)

Cit. The company added automobile financing to its product line in 1916 through an agreement with , the first of its kind in the auto industry. During , CIT financed the manufacture of 150. It also added consumer financing of radios through an agreement with Thomas Edison, Inc.

During the following the war, consumer spending rose dramatically and CIT prospered in its consumer appliance, furniture, and automobile financing groups. In 1924, CIT incorporated in and became a via an on the. CIT began offering in 1928 and expanded operations into Europe in 1929.

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