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TAG SEARCH RESULT: General Motors

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July 23, 2015

GM Financial's Penetration of GM Retail Sales Grows Globally in Q2

GM Financial's transformation from subprime finance source to GM's captive finance company continued in the second quarter, with GM new-vehicle loans and leases accounting for 83.5% of total originations during the period.

March 12, 2015

GM Announces Modifications to Powertrain Warranty, Maintenance Program

General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its Chevrolet and GMC powertrain warranty.

March 10, 2015

Trading Places

Ally Financial and GM Financial are both entering new phases in their evolution, and the moves they’re making were on display at NADA 2015.

February 5, 2015

GM Financial Triples Share of GM Leases

GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.

December 30, 2014

Government Loses $9.26 Billion on Auto Bailout

According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.

December 9, 2014

November Sales Pace at 17.20 Million-Unit Annual Rate

November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year ago and the month prior, rising to 17.20 million units.

October 9, 2014

N.Y. Judge Rules in Favor of Dealer in Case Against GM

An administrative judge from New York’s Department of Motor Vehicles ruled this week that GM’s statewide sales benchmark was not reasonably applied, concluding that the manufacturer did not have the right to terminate Beck Chevrolet.

September 23, 2014

Cadillac Becomes Separate Business Unit

General Motors has announced a strategic realignment that will establish Cadillac as a separate business unit. In addition, the new Cadillac organization will expand to New York with a new global headquarters opening in 2015.

September 16, 2014

NHTSA Fumbled GM Recall, House Reports

A House committee released a report this week that raised questions about how the National Highway Traffic Safety Administration responded to consumer complaints regarding faulty ignition switches on GM vehicles.

September 4, 2014

GM Increases GM Financial’s Credit Line

General Motors reaffirmed its connection to GM Financial by increasing its captive’s credit line to $1 billion.