GM Buys AmeriCredit, Aims To Rebuild In-House Lender
With the $3.5 billion purchase of AmericCredit, General Motors will rebuild an in-house, or "captive" finance subsidiary, to be called GM Financial. The maker hopes it will provide easier credit that...
View ArticleGM Acquires Ally’s Overseas Lending Operations
Ally Financial Inc. – what used to be known as GMAC -- plans sell its overseas lending operationsto General Motors Co. for $4.2 billion. The long-anticipated move should help GM improve its...
View ArticleFeds Subpoena Records from GM Finance Unit
GM Financial’s subprime auto loans are the target of a subpoena from the U.S. Justice Department served last month. The documents requested go as far back as 2007. GM's finance arm is cooperating with...
View ArticleGM Financial Arm Strengthens Loan Portfolio
For GM, the renaissance in automotive sales hasn't just been for vehicles, but also in the company's finance arm's loan portfolio. Find out why at TheDetroitBureau.com.
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