Cit

By James 2026-05-07 21:47:08

3(1846 votes)

Cit. It also operates a. In 1915, the company moved its headquarters to New York City and renamed itself Commercial Investment Trust CIT. By that time, the company provided financing for wholesale suppliers and producers of consumer goods.

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.

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