Hot Topics
GM Financial
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'Last resort' means something good
… In a recent blog , I referred to GM Financial as a "lender of last resort ..... I meant simply that GM regards GM Financial as a lender GM can count on, no ..... struck some people as a criticism. GM Financial responded with an e-mail citing …
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GM Financial sees prime-risk loans in 2014
GM Financial will begin making prime-risk loans ..... lending market," CEO Dan Berce says. GM Financial will start with the small number of GM ..... sign up dealers for commercial lending. GM Financial launched commercial lending for GM dealers …
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GM's FandI products will carry vehicle's brand
… were looking to get into that business ourselves," he said in a phone interview last week. Field representatives for GM Financial , GM's captive finance company, will be responsible for introducing Chevrolet, Buick-GMC and Cadillac dealers …
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Opel will offer cheaper loans after taking finance in-house
… back in-house. Last month, GM Financial Company Inc. launched its new ..... and partially closed last month, GM Financial has attributed $1.7 billion ..... closing of the deal in April gives GM Financial the German banking license and …
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GM's Q1 net falls 14% on N.A. decline
… by the weakening Japanese yen. GM Financial 's pretax profit eased less than ..... More leases, fewer subprime GM Financial 's U.S. lease penetration rose ..... percent. Meanwhile, the portion of GM Financial 's sales to subprime customers …
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Ally profits rise, helped by auto finance
… Carpenter said in a statement today. Ally sold most of its overseas auto finance and financial service businesses to GM Financial effective April 2, for about $2.6 billion. Separately, Ally already shed its giant mortgage business by allowing …
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Ally Q1 profits boosted by auto finance business, one-time gains
… Carpenter said in a statement today . Ally sold most of its overseas auto finance and financial service businesses to GM Financial effective April 2, for about $2.6 billion. Separately, Ally already shed its giant mortgage business by allowing …
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GM Financial shifts emphasis to newer cars
GM Financial Co. wants to change its image among ..... to the changing mix of used vehicles GM Financial will sell from now on, says Dan Heinrich ..... by General Motors in 2010 and renamed GM Financial . Leasing was added to its portfolio …
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GM, Chrysler take opposite tacks on captives
… lender AmeriCredit in 2010 and turned it into GM Financial , adding prime-risk loans and leasing, plus ..... through Ally expires at year end. In beefing up GM Financial , GM has stressed GM Financial 's role as a lender of last resort for GM dealers …
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GM Financial shifts emphasis to newer cars
… the changing mix of used vehicles GM Financial will sell from now on, says Dan ..... General Motors in 2010 and renamed GM Financial . Leasing was added to its portfolio ..... independent dealers. In January, GM Financial hired a marketer for its remarketing …
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Dealership group ordered to pay off trade-ins on time
… evidence that Washington residents suffered injuries from any misconduct there. The dealership is in bankruptcy, and GM Financial is among its creditors, court documents show. Bankruptcy law doesn't prevent Washington state from exercising its …
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Ally, GM Financial deal highlights opposite goals
… week, Ally Financial Inc. and GM Financial took giant steps in opposite directions ..... somewhat smaller and much more local; GM Financial got a lot bigger and much more ..... financial service businesses to GM Financial for about $2.6 billion. That …
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GM Financial completes $2.6B deal for Ally units in Europe, Latin America
Ally Financial Inc. said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial Co. for about $2.6 billion. Ally, in a statement Tuesday , said it will get about $2.4 billion at closing and about $190 million in dividends prior to closing from the GM
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GM financing strategy: More leases, lenders
… activity from subprime specialist GM Financial , including prime-risk financing ..... The automaker estimates that GM Financial -- the former AmeriCredit of Fort ..... incremental deals due to the presence GM Financial has in subprime," he said in …
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GM Financial completes $2.6B deal for Ally units in Europe, Latin America
Ally Financial Inc. said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial Co. 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
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Mobile apps are the new frontier of used-car sales
… its first vehicles coming off lease in December 2012, GM Financial developed GMFDealerSource.com . The Internet site ..... having first shot at buying them, said Dan Heinrich, GM Financial vice president of asset remarketing. The app also makes …
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GM targets big growth in floorplanning
… s top executive said. Since GM Financial introduced commercial lending in ..... GM's roughly 4,400 stores. GM Financial CEO Dan Berce said the goal is ..... years to get there, so be it." GM Financial 's floorplan push is part of GM …
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More delinquencies loom, GM Financial boss says
Dan Berce, CEO of GM Financial , said the period of record-low ..... conditions are good, he said. GM Financial had record net income for the full ..... explained by expenses related to GM Financial 's purchase of Ally Financial …
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GM is confident of Europe turnaround after losses doubled
… 2012, South America swung to an operating profit of $271 million from an operating loss of $122 million in 2011. GM Financial 's operating profit dropped 14 percent to $146 million in the fourth quarter, but rose 20 percent to $744 million …
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GM's Q4 operating profit rises 14% to $1.25 billion
… 2012, South America swung to an operating profit of $271 million from an operating loss of $122 million in 2011. GM Financial 's operating profit dropped 14 percent to $146 million in the fourth quarter, but rose 20 percent to $744 million …
