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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.
April 24, 2009: GM announced that they will be scrapping the Pontiac brand in an effort to invest more money into their major brands (Buick, Cadillac, Chevrolet, and GMC). [84] It was the second discontinuation of a major GM brand in the 21st century, after Oldsmobile (which ended production in 2004).
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.
Buick Cadillac GMC Vauxhall: 1926: 1936: Holden plant. Acquired by GM Australia before it merged with Holden's Motor Body Builders Ltd. Holden Mosman Park Plant: Mosman Park (formerly Cottesloe Beach), Western Australia: Australia: Chevrolet Pontiac Oakland Oldsmobile Buick Cadillac GMC Vauxhall Bedford Holden: 1926: 1972: Holden plant. Built ...
The group will pay GM $7.4 billion in cash at closing. GM will retain approximately $20 billion in automobile financing worth an estimated $4 billion over three years. GM sold its remaining 8% stake in Isuzu, which had peaked at 49% just a few years earlier, [34] on April 11, 2006, to raise an additional $300 million.
Buick; Cadillac; Chevrolet; Daewoo (GM owns 44%) Fiat (GM has decided to divorce itself from Fiat as of Feb '05, but will retain 10% ownership.) GMC; Holden (brand discontinued in 2020) Hummer (brand discontinued in 2010, reintroduced as a GMC model in 2021 and 2023) Oldsmobile (brand discontinued in 2004) Pontiac (brand discontinued in 2010)
In 2002, GMC celebrated its 100th anniversary and released a book entitled GMC: The First 100 Years, a complete history of the company. [ citation needed ] In 2007, GMC introduced the Acadia , a crossover SUV , which was the division's second unibody vehicle (after the Vandura) whose predecessor, the GMT-360 based Envoy , was discontinued with ...
Renault announced a net profit for 2008 of 599 million euros for the 2008 financial year. This was a 78% drop in profits from the 2007 financial year. European sales fell 4% and worldwide sales 7%, forcing Renault to abandon their 2009 growth targets. [37] This however made Renault one of the few car makers to return a profit.