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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.
Nuvell Financial Services was a subsidiary of GMAC (now Ally Financial) that originated subprime auto loans.In March 2009, the company was shut down by its parent. Nuvell was based in Little Rock, Arkansas, with other offices in Bedford, Texas, Jacksonville, Florida, Greeley, Colorado, and Anaheim, California.
June 19, 2009: Deadline for filing all objections to the sale of General Motors. June 22, 2009: Deadline for making competing bids in the auction of General Motors' assets. June 25, 2009: Final hearing on the bankruptcy loan. July 10, 2009: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors. [9] [10]
The General Motors arm seized the cars of 71 service members and mishandled more than 1,000 requests for lease termination in violation of the Servicemembers Civil Relief Act.
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.
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GM Components Holdings is an automotive components producer and distributor based in the United States. It is a subsidiary of General Motors. GMCH was created in 2009 as a result of the bankruptcy filings of both Delphi Corporation and General Motors. [2] [3] GMCH consists of four facilities previously owned by Delphi:
Opened in 1986 by General Motors, the 4,600,000 sq ft (430,000 m 2) plant produces vehicles on the company's GMT T1XX vehicle platform. Facilities include 2 body shops, a paint shop, general assembly, and sequence center. It assumed operations of the former Pontiac Truck and Bus Assembly. Located at 12200 Lafayette Center Rd, Roanoke, IN 46783 ...