GM Financial

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General Motors Financial Company, Inc.
Industry Financial services
Founded August 1, 1986 (1986-08-01)
Headquarters Burnett Plaza, Fort Worth, Texas, U.S.
Area served
United States, Canada, Europe, Latin America
Key people
Daniel Berce (CEO)
Products Automobile financing
Revenue Increase US$ 4.85 billion (2014)[1]
Decrease US$ 815 million (2014)[1]
Decrease US$ 537 million (2014)[1]
Total assets Increase US$ 47.7 billion (2014)[1]
Total equity Increase US$ 7.39 billion (2014)[1]
Number of employees
6,659 (2014)[1]
Parent General Motors

General Motors Financial Company, Inc. is an American multinational financial services company headquartered in Fort Worth, Texas. A subsidiary of General Motors, GM Financial provides automotive financial products through its operations in the United States, Canada, Europe and Latin America.


GM Financial is divided into two operational segments: the North America Segment and the International Segment. The North America Segment consists of GM Financial's operations in the United States and Canada.[1] The International Segment consists of GM Financial's European and Latin American operations. Currently, the International Segment conducts business in Austria, Belgium, Brazil, Chile, Colombia, France, Germany, Greece, Italy, Mexico, the Netherlands, Portugal, Spain, Sweden, Switzerland and the United Kingdom.[1] Due to their status as former subsidiaries of General Motors Acceptance Corporation (GMAC), most entities in the International Segment predate GM Financial by several decades.[1] GM Financial also indirectly operates in China through a 35% equity interest in SAIC-GMAC Automotive Finance Company Limited, a joint venture established by GMAC, General Motors and SAIC Motor.[1]


Founded on August 1, 1986, the company originally operated as AmeriCredit Corp., an independent provider of subprime automotive loans for later model, low mileage used vehicles and moderately priced new vehicles.[2] On October 1, 2010, General Motors acquired AmeriCredit for a purchase price of $3.5 billion following approval by AmeriCredit shareholders.[3] General Motors subsequently rebranded the company as GM Financial, while continuing to offer subprime financing options to non-GM franchised dealerships under the AmeriCredit brand.

In December 2010, GM Financial began offering leases in the U.S. to consumers with prime credit scores through GM franchised dealerships. The company subsequently rolled out retail floorplan and other financing options to GM franchised dealerships in 2012 and automotive loans to prime customers through GM franchised dealerships in 2014.[1] Additionally in 2014, General Motors and GM Financial entered into a support agreement providing for leverage limits and pledging General Motor's liquidity support to GM Financial if needed, as well as other general terms of support.[4] By 2014, the share of GM Financial's annual U.S. loan and lease originations consisting of new GM vehicles had increased to 65%, compared to 12% in 2010.[1] In 2015, General Motors began offering subvented leases of its vehicles exclusively through GM Financial.[5]

The acquisition of the company by General Motors also led to expansion into international markets. In April 2011, GM Financial acquired FinanciaLinx, one of the largest independent leasing companies in Canada, to expand product offerings in Canada.[6] In November 2012, GM Financial announced the acquisition of the international operations of Ally Financial, which had formerly operated as GMAC.[7] The transfer of a majority of those operation was completed in 2013, with the sale of the remaining portion, Ally's equity interest in SAIC-GMAC Automotive Finance Company Limited, completed in January 2015.[8]


  1. ^ a b c d e f g h i j k l "2014 Form 10-K, General Motors Financial Company". United States Securities and Exchange Commission. February 4, 2015. 
  2. ^ "2010 Form 10-K, AmeriCredit Corp.". United States Securities and Exchange Commission. August 27, 2010. 
  3. ^ "GM completes buy of AmeriCredit, to be called GM Financial". Autoblog. October 3, 2010. 
  4. ^ "GM and GM Financial Enter into Support Agreement". GM Media. 
  5. ^ Henry, Jim (February 27, 2015). "GM tells Ally that GM Financial will get all of Chevy's subsidized leases". Automotive News. 
  6. ^ "GM Financial to Acquire FinanciaLinx Corporation". Reuters. 
  7. ^ "Ally Financial posts profit on tax benefit". Reuters. 
  8. ^ "GM Financial Completes Purchase of International Operations Joint Venture in China from Ally Financial". Retrieved 2015-01-05. 

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