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December 7, 2009

Every GM Vehicle Sold Costs Taxpayers $12,200

According to a recent report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the beginning of 2011, and $7,600 for every Chrysler vehicle sold.

Tags: Chrysler, General Motors, GMAC Financial Services, Treasury Department

October 15, 2009

AmeriCredit to Finance GM’s Subprime Customers

Through a recent partnership, AmeriCredit will provide auto financing to General Motors Co.’s subprime customers.

Tags: AmeriCredit, General Motors

September 29, 2009

Dealer Floorplan ABS Resilient Despite Recession and Automaker Bankruptcies

Auto dealer floorplan asset-backed securities (ABS) continue to perform and remain resilient despite the recession and the bankruptcies of two domestic automakers, said ratings firm DBRS.

Tags: auto ABS market, Chrysler, General Motors

August 21, 2009

GM-eBay Program Bumps Consumer Purchase Intent Up 10 Percent, Says Edmunds.com

Since the General Motors-eBay program launched, the number of site visitors conducting GM vehicle pricing research has jumped 10 percent higher in California than it has in the other 49 states, according to Edmunds.com.

Tags: eBay, Edmunds.com, General Motors

August 6, 2009

GM Offers Leasing on Select 2009 and 2010 Models

General Motors Company said Monday it is expanding leasing by offering programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models through U.S. Bank.

Tags: General Motors, leasing, U.S. Bank

July 2, 2009

July Offers Make New GM Vehicles More Affordable

General Motors simultaneously launched its “72-Hour Sale” last Wednesday, and announced that it has 74 different models that may qualify under the federal government’s “Cash for Clunkers” program.

Tags: General Motors

June 2, 2009

GM Honors Warranty Programs, Gets Access to $15 Billion Credit Facility

General Motors Corp. said Monday that it received U.S. bankruptcy court approval to continue honoring all vehicle warranty programs and dealer incentive plans, as well as access to approximately $15 billion of a credit facility provided by the U.S. Treasury, and the Canadian and Ontario governments.

Tags: General Motors

June 1, 2009

GMAC to Continue Operations During GM’s Bankruptcy

On the heels of General Motor’s Chapter 11 bankruptcy filing on Monday, GMAC Financial Services issued a statement saying it is taking the appropriate steps to protect its interests during the troubled automaker’s restructuring.

Tags: Chrysler, Chrysler Financial, General Motors, GMAC Financial Services

June 1, 2009

DBRS Places GMAC Loans Under Review

As a result of General Motors LLC (GM) bankruptcy filing Monday with the U.S. Bankruptcy Court, DBRS has conducted an analysis of all DBRS-rated outstanding retail auto loan, lease and wholesale ABS transactions originated by GMAC LLC.

Tags: General Motors, GMAC Financial Services

June 1, 2009

GMAC Responds to GM Bankruptcy Filing

GMAC Financial Services is a creditor of General Motors Corp. (GM) and as such is taking the appropriate steps to protect GMAC's interests during GM's restructuring.

Tags: General Motors, GMAC Financial Services

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