Search Close Menu

Tag Search Result

GM Financial

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.

Read more

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.

GM Financial Completes Acquisition of Ally’s International Operations

On Jan. 2, GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a joint venture that conducts auto finance operations in China.

Ally Subpoenaed By DOJ

On the same day the U.S. Department of the Treasury sold the last of its remaining 54.9 million shares of Ally common stock, Ally Financial revealed that it has received a subpoena from the Department of Justice related to subprime auto lending.

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.

CFPB Takes Center Stage

Strong words at NADA 2014 and the Vehicle Finance Conference indicate that both sides of the rate participation debate are preparing for a long, drawn-out battle.

GM Financial Reports Strong Fourth Quarter

GM Financial realized its second best year for credit metrics in 2013, which drove profitability for the captive finance company. But officials believe credit will be ‘a bit weaker’ in 2014.

GM Financial Prepares for 'CFPB Exam'

Officials say they don’t expect the CFPB’s targeting of dealer participation to impact the company’s economics. They also offer updates on the company’s roll out of a prime product and its acquisition of Ally Financial’s international business units.

GM Financial Names Rawls Auto Auction 2012 Auction of the Year

The South Carolina-based auto auction was named Auction of the Year by GM Financial for the fourth time.

Read more

GM Financial Selects DataScan for Vehicle Inspections

DataScan will perform pre- and post-term lease inspections for General Motors’ captive finance company.