GM Financial Completes Purchase of International Operations in Brazil from Ally Financial


gm (select to view enlarged photo)

FORT WORTH, TX--October 1, 2013: GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”), a wholly-owned subsidiary of General Motors Company, announced that it has acquired the equity interests in the companies that comprise Ally Financial Inc.’s (“Ally”) auto finance and financial services business in Brazil.

The Company previously acquired Ally’s international operations in Europe and certain countries in Latin America. The international acquisitions, announced in November 2012, also cover a stake in a joint venture in China, which is pending certain regulatory and other approvals and is expected to close in 2014.

Upon the completion of all the international acquisitions, GM Financial will be present in 19 countries, serving more than 16,000 dealers and providing auto finance products in markets that cover 80 percent of GM’s worldwide sales volume.

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/