MG Motor UK Appoints GMAC UK As Preferred Finance Provider For Its Customers

BIRMINGHAM, UNITED KINGDOM – Oct 28, 2011: MG Motor UK Ltd has selected GMAC UK plc, a subsidiary of Ally Financial Inc., to be its preferred retail financing provider in the UK for manufacturer programmes and standard rate finance. GMAC UK will provide financing to MG customers under the MG Financial Services brand.

Guy Jones, sales and marketing director of MG Motor UK, said: “GMAC is a trusted financing source in the industry. As a company with extensive experience, resources and capabilities in the UK market, GMAC will support our brand and help us grow our business. This important development allows us to offer a competitive range of retail finance products for the new MG6 GT, Magnette and following models.”

“We are extremely pleased to enter this new retail relationship with MG in the UK,” commented Ed Paulat, GMAC UK managing director. “We look forward to working with MG and supporting its dealers to maximise vehicle sales with competitive financing."

GMAC and MG have entered into a multi-year agreement to finance new and used vehicle sales for customers through MG dealers.

GMAC is also the preferred financier for Vauxhall, Chevrolet and Saab dealers and their customers in the UK. This new relationship with MG represents another step in GMAC expanding its customer base and further leverages GMAC UK’s core competency in auto financing.