GM Financial

General Motors Financial Company

File:GM Financial Logo.png
Company type	Subsidiary of GM
Industry	Diversified financial
Founded	1992 (1992) as AmeriCredit
Headquarters	Fort Worth, Texas, U.S.
Area served	United States and Canada
Key people	Daniel Berce (CEO)
Products	Automobile financing
Revenue	US$ 1.961 billion (2012)
Operating income	US$ 774.2 million (2012)
Net income	US$ 463.1 million (2012)
Total assets	US$ 16.20 billion (2012)
Total equity	US$ 4.379 billion (2012)
Owner	General Motors
Website	gmfinancial.com

General Motors Financial Company, Inc. is a financial services arm of General Motors. Founded in 1992 as AmeriCredit, GM Financial provides car loans through automobile dealerships to medium- and moderate-risk customers in the United States and Canada. The company is located in Fort Worth, Texas.

Before its acquisition by GM, the company ranked at 768 on the Fortune 1000. AmeriCredit's loan parameters would originally provide financing (at an interest rate of between 10% and 23% APR) to clients with credit scores around 500 who can prove employment and residency, though the company has become increasingly more stringent over the past few years.

Acquisition by General Motors

In July 2010, General Motors entered into a definitive agreement to acquire AmeriCredit in an all-cash transaction valued at approximately $3.5 billion. The deal provided GM with a new financial arm to replace the loss of GMAC in 2006. Following the approval of the deal by AmeriCredit shareholders on September 29, GM rebranded the company as GM Financial.