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An insider confirmed on Wednesday reports that GMAC Financial Services Inc. is in discussions with the U.S. Treasury Department for a third-round of taxpayer-backed funding – one of two moves the auto finance company made this week to shore up its capital position ahead of an impending regulatory deadline.
Read More →Chrysler Financial, the former captive lender of Chrysler LLC, will liquidate and cease business in Dec. 31, 2011, according to a letter from the U.S. Treasury Department.
Read More →Starting Thursday, Oct. 1, GMAC Financial Services will begin rewarding loyal General Motors and Chrysler dealers with cash, remarketing services and other perks.
Read More →Chrysler Group LLC announced it will offer a leasing option for customers on all 2010 model year Chrysler, Jeep and Dodge vehicles through Chrysler’s preferred lender, GMAC Financial Services.
Read More →Recovery Compliance Solutions, a provider of repossession compliance monitoring solutions, partnered with GMAC Financial Services to manage and verify its repossession vendors’ information, ensuring they remain compliant with state and local standards.
Read More →Chrysler Group LLC introduced “Double CA$H for Your Old Car,” a new incentive program that offers consumers up to $4,500 cash or 0 percent financing for 72 months through GMAC Financial Services.
Read More →The launch of a new and independent General Motors will not impact the automaker’s relationship with GMAC Financial Services, the bank holding company said after Sunday’s approved sale of GM’s assets to a U.S Treasury-sponsored entity.
Read More →Responding to reports that it suspended wholesale financing for some of the roughly 2,400 surviving Chrysler dealers, GMAC Financial Services said on Friday that it is “working aggressively” to support the Chrysler dealer body at large.
Read More →GMAC Financial Services announced last Friday that it has priced an offering for $4.5 billion of debt guaranteed by the Federal Deposit Insurance Corporation (FDIC), pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP).
Read More →Chrysler LLC launched last Tuesday incentives for buyers of new Dodge, Chrysler and Jeep vehicles through its new lender, GMAC Financial Services.
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