After all, GM was thinking about creating another captive finance company. It sold a majority stake in General Motors Acceptance Corp. to Cerberus in 2006. Then it was required by law to sell off most of its remaining interest in GMAC after GMAC became a bank holding company in late 2008.
Now GMAC isn't even GMAC anymore. It's changed its name to Ally Financial Inc.
Anyway, I find the possibility that GM and Chrysler could wind up swapping finance companies intriguing, and even funny. Musical chairs, anyone -- or should I say musical finance companies?