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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.
General Motors announced Thursday that it is acquiring AmeriCredit (ACF) in an all-cash transaction valued at approximately $3.5 billion, or $24.50 per share of ACF -- a 24% premium over its ...
GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
The first reason is bad financial policies. As I posted, for too many years GM used cheap cars as razors to sell consumers a monthly package of razor blades -- in the form of highly profitable car ...
Financial expert Dave Ramsey has a straightforward answer: only buy what you can pay for in cash. This principle could save you thousands and help you avoid the trap of long-term debt.
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His other investments include the auto-finance company AmeriCredit, Pacific Capital Bancorp and 120,000 acres (486 km 2) of rangeland in New Mexico. [ 2 ] Ford has a history of buying banks, re-organizing them, and subsequently selling them at a substantial profit, with Golden State Bancorp and then bailed-out Pacific Capital Bancorp , being ...