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General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
Ally Financial Inc. (known as GMAC until 2010) is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
On April 17, 2012, the company missed an interest payment. [10] On May 14, 2012, the company filed for a pre-packaged bankruptcy that included the separation of the company from its parent, Ally Financial. [11] On December 11, 2013, the company's Plan of Reorganization was approved by the bankruptcy court. [12]
In 2015, she accepted a role as Vice President of Finance and Treasurer. In 2017, she became the first female chief financial officer at General Motors. [3] [6] On August 13, 2020, Suryadevara resigned her position as chief financial officer at General Motors to work as chief financial officer for e-commerce payments company, Stripe. [7]
China was once the land of promise for Detroit automakers. At first, automakers such as General Motors (NYSE: GM) thrived in China, and it became GM's largest market for sales volume for a time ...
Yahoo Finance's Pras Subramanian contributed to this story. Brian Sozzi is an editor-at-large and anchor at Yahoo Finance . Follow Sozzi on Twitter @BrianSozzi and on LinkedIn .
Studies have shown that the average per-unit finance cost can be higher when financing through a dealership than independent lenders. For example, one study found that the price increased by $674 when dealer financing was used, potentially due to additional products or services (an average of 4.63 add-ons per deal) in the financing package. [7]
Digital banking services have been around, and popular, for a while now. And since the pandemic, the number of users is expected to grow significantly, surpassing 200 million this year. While ...