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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.
On the March 30, 2009, deadline President Barack Obama declined to provide financial aid to General Motors, and requested that General Motors produce credible plans, saying that the company's proposals had avoided tough decisions, and that Chapter 11 bankruptcy appeared the most promising way to reduce its debts, by allowing the courts to ...
The Presidential Task Force on the Auto Industry was an ad hoc group of United States cabinet -level and other officials that was formed by President Barack Obama to deal with the financial bailout of automakers Chrysler and General Motors . Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to ...
GM Financial Reports September Quarter Operating Results Earnings of $124 million Consumer loan and lease originations of $1.8 billion Available liquidity of $3.1 billion Annualized net credit ...
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. GM on Tuesday said it ...
GM Financial Reports March Quarter Operating Results Earnings of $106 million Consumer loan and lease originations of $2.0 billion Annualized net credit losses of 2.6% on consumer loans FORT WORTH ...
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.