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December 31, 2013

Compliance, Technology to Headline Vehicle Finance Conference

This year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between executives from GM Financial, Toyota Financial Services and Chase Auto Finance.

December 10, 2013

Mary Barra to Replace Retiring Akerson as GM CEO

Mary Barra was elected as GM’s new CEO by the company’s board of directors. She will replace Dan Akerson, who will retire on Jan. 15, 2014.

December 5, 2013

Bloomberg: GM to Sell Ally Financial Stake

General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.

November 5, 2013

Experian: Number of Vehicles on the Road at Highest Level Since 2008

Not only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four years ago, Experian Automotive reports.

October 31, 2013

GAO: GM Continues to Face Challenges With Competitiveness

According to the latest monthly report from the Government Accountability Office, General Motors might not have regained its competitiveness in the market despite the improvements its made since 2008.

October 31, 2013

GM Financial Resists Market Share Race

GM Financial reported this week a decrease of about $200 million in North American consumer loan originations for the quarter. But there’s a reason for that, says the company’s chief executive.

October 29, 2013

TFS Gives Toyota Leg Up on GM, Ford

Toyota’s captive finance arm has been able to draw a wider range of customers through no-interest loans and low-cost leases, thanks to its automaker’s AA-credit rating and $95 billion in assets, Bloomberg reports.

October 17, 2013

GM, Capital One Extend Partnership, Launch Rewards Card

Capital One, Mastercard and General Motors are extending their relationship with the launch of the new GM Card, which offers rewards consumers can use toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle.

October 8, 2013

GM to Allow Consumers to Buy Cars Online

General Motors plans to roll out its Shop-Click-Drive program to all of its dealers by the end of the year. The voluntary program allows dealership customers to complete the entire car-shopping process online.

October 3, 2013

September’s SAAR Second Lowest of 2013

Manufacturers attribute the drop in the SAAR to fewer selling days in September and Labor Day sales being included in August sales totals. One manufacturer attributes the drop to troubles in Washington, D.C.