GM Financial

JIM HENRY

'Last resort' means something good

12:01 am U.S. ET | May 15, 2013
In a recent blog, I referred to GM Financial as a “lender of last resort” for parent company General Motors. I meant simply that GM regards GM Financial as a lender GM can count on, no matter what.... Read More »

 

Opel will offer cheaper loans after taking finance in-house

May 6, 2013 14:33 CET
Opel expects to boost the proportion of cars sold on financing with the offer of cheaper loans and leasing deals now that it has taken its German banking license back in-house.... Read More »

 

JIM HENRY

GM, Chrysler take opposite tacks on captives

12:01 am U.S. ET | May 1, 2013
Does a car company need to own a captive finance company? While GM and Chrysler Group came off similar experiences of being partners with Ally Financial after their old captives went away during restructuring, they have reached different conclusions.... Read More »

 

GM Financial shifts emphasis to newer cars

12:01 am U.S. ET | April 29, 2013
General Motors Financial Co. wants to change its image among franchised dealers shopping for used vehicles at auctions. So next month the captive finance company will host a sale of about 200 2010-13 GM vehicles.... Read More »

 

GM Financial completes $2.6B deal for Ally units in Europe, Latin America

11:14 am U.S. ET | April 2, 2013
Ally Financial said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial for about $2.6 billion. Ally, in a statement today, said it will get about $2.4 billion at closing and about $190 million in dividends prior to closing from the GM unit.... Read More »

 

Mobile apps are the new frontier of used-car sales

12:01 am U.S. ET | March 4, 2013
Captive finance companies, auto auctions, third-party Web sites and others unleashed a proliferation of mobile apps and products aimed at remarketers during the National Automobile Dealers Association convention in Orlando last month.... Read More »

 

GM targets big growth in floorplanning

12:01 am U.S. ET | Feb. 25, 2013
General Motors' finance arm has an ambitious goal: to provide floorplan financing to at least 20 percent of GM dealers, the unit's top executive said.... Read More »

 

GM Financial taps DataScan, Openlane.com to remarket off-lease vehicles

3:44 pm U.S. ET | Nov. 14, 2012
General Motors Financial will tap DataScan Field Services and ADESA auction company’s Openlane.com to help dealerships process off-lease vehicles starting in December, the financial company said today.... Read More »

 

GM to bid for Ally's Europe, Latin America operations

4:49 pm U.S. ET | Sept. 19, 2012
GM is preparing to bid this week for Ally Financial's auto-lending arms in Europe and Latin America, said three people with knowledge of the matter. GM isn't pursuing an offer for Ally's Canadian operations or its Mexican auto insurer, said the people, who spoke on condition of anonymity because the talks are private.... Read More »

 

JIM HENRY

GM Financial poised to strengthen subprime lending

12:01 am U.S. ET | Sept. 12, 2012
So, how good is business for GM Financial? It set a record-low cost of funds last week, paying just 1.5 percent interest on an asset-backed securities transaction.... Read More »