General Motors Financial Company (GM Financial) has acquired the car finance operations of Ally Financial in Brazil.
GM Financial, a wholly-owned subsidiary of General Motors, has acquired the operations of Ally in multiple markets across Europe, including the UK, and the Americas.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The acquisitions have brought much of GM’s finance proposition back in-house after the Detroit-based carmaker sold many of the original businesses to Ally as the worst of the post-2008 recession took hold.
With approval pending on a joint venture in China, GM Financial expects to soon be operating in 19 markets, covering 80% of GM’s worldwide sales volume across more than 16,000 motor dealers.
richard.brown@timetric.com
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
