GMAC raised $7.1 billion selling retail auto loans as securities
Indicating that GMAC Financial Services has improved its access to capital in the past six months, it was reported this week that it is raising almost $1 billion selling retail auto loans... Read more
GMAC reported net losses of $5 billion in the fourth quarter
GMAC Financial Services said recently that it is prepared to take advantage of opportunities in the global auto finance business. Last month, GMAC received additional aid from the U.S.... Read more
GMAC will expand its consumer finance business
By next month, we will see GMAC Financial Services expanding its consumer finance business to new and used recreational vehicles. Financing will be provided through Thor Industries... Read more
GM Certified offering 3.9 percent rate on 2005-2010 Pontiac G6 cars
A special finance rate of 3.9% on contracts of up to 60 months on 2005-10 certified used Pontiac G6 cars are being offered by GM Certified, through GMAC Financial Services. The program... Read more
GMAC’s Chrysler business gains momentum, report says
Chrysler Group customers now have an easier time of getting loans to buy cars, according to Chrysler dealers. In the past couple of months, GMAC Financial Services has become more lenient... Read more
Spyker planning to get financing back for Saab
There are no plans to reduce Saab's US dealership roster, according to Victor Muller, CEO of Spyker Cars NV and Saab's new owner. This report would surely put to rest dealers'... Read more
U.S. Treasury to exit its investment in GMAC Financial Services this year
Later this year, the U.S. Treasury Department is expected to exit its investment in GMAC Financial Services. According to two senior Treasury officials, there will be a gradual sale of... Read more
GMAC close to getting about $3.5 billion in added aid from the U.S. government
According to the Wall Street Journal report, GMAC Financial Services is close to getting about $3.5 billion in added bailout from the US government. As it’s known, the company has already... Read more
Spyker has chosen GMAC Financial Services as the preferred lender
GMAC Financial Services has been chosen as the preferred lender by Spyker Cars N.V. for the 500 Saab dealers in North America and globally. These dealers were acquired through Spyker's... Read more
GM getting back in the game: readies IPO and rebuilds credit
The $3.5 billion deal for General Motors Co. to acquire subprime lender AmeriCredit Corp. later this year is expected to be the first step to establishing a full-scale captive finance... Read more
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