General Motors
Financial Company, Inc.

Formerly	AmeriCredit Corporation
Company type	Subsidiary
Industry	Financial services
Founded	1992; 33 years ago (1992)
Headquarters	Burnett Plaza,Fort Worth, Texas, U.S.
Area served	United States,Latin America,Canada,China
Key people	Daniel Berce(CEO)
Products	Automobilefinancing
Revenue	US$ 13.419 billion (2021)[1]
Operating income	US$ 5.036 billion (2021)[1]
Net income	US$ 3.789 billion (2021)[1]
Total assets	US$ 113.786 billion (2021)[1]
Total equity	US$ 13.794 billion (2021)[2]
Number of employees	8,750 (2021)
Parent	General Motors
Website	gmfinancial.com

General Motors Financial Company, Inc. is thefinancial services arm ofGeneral Motors. The company is a global provider of auto finance, with operations in theUnited States,Mexico,Latin America,Canada,Europe (which was sold toPSA Groupe andBNP Paribas following the sale of GM's core area businessesOpel andVauxhall in a $2.2 billion deal), andChina. The company is headquartered inFort Worth,Texas, where it is downtown Fort Worth's largest employer.^[3]

Founded in 1992 as AmeriCredit Corp., the company was acquired by GM in October 2010 and renamed General Motors Financial Company, Inc. The company provides retail loan andlease programs through auto dealers for customers across the credit spectrum.^[4] They also offer commercial lending products, such asretail floorplan,construction and real estate loans, or insurance for cardealerships.

Before its acquisition by GM, the company ranked at 768 on theFortune 1000.^[5]

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 ofGMAC (nowAlly Financial) in 2006.^[6] Following the approval of the deal by AmeriCredit shareholders, GM renamed the company "GM Financial" on October 1, 2010.^[7]

On September 4, 2014, GM and GM Financial announced it entered into a support agreement providing for leverage limits and liquidity support to GM Financial if needed, as well as other general terms of support. Under the terms of the agreement, as GM Financial expands its product portfolio and grows its business, GM committed to provide funding to GM Financial if its earning assets leverage ratio rises above pre-determined thresholds. GM extended an intercompany revolving credit facility to GM Financial to provide up to $1 billion of liquidity if needed. This facility, which is subordinate to GM Financial’s senior unsecured and secured debt, will replace an existing $600 million line of credit from GM. The agreement also provides that GM will use its commercially reasonable efforts to ensure that GM Financial will continue to be designated as a subsidiary borrower on up to $4 billion of GM’s corporate revolving line of credit.^[8]

Since being acquired by GM in 2010, GM Financial has significantly increased its share of GM’s business which now represents 75 percent of GM Financial’s consumer loan and lease originations.^[8]

On August 11, 2020,Standard & Poor's Ratings Services revised thecredit ratings of both GM and GM Financial to stable from negative and affirmed the automaker's BBB issuer credit rating and issuer level ratings.^[9] On June 18, 2015,Fitch Ratings upgraded the credit ratings of both GM and GM Financial with a stable outlook. The new GM corporate and GM Financial credit rating is BBB−.^[10]

General Motors Insurance started its operations in 2021 as a subsidiary and rapidly expanding throughout the United States. GM Insurance hired seasoned executives from Elephant Insurance, Allstate, and Nationwide Insurance.

In April 2011, GM Financial acquired FinanciaLinx, one of the largest independent leasing companies in Canada, to expand product offerings into Canada.^[11] FinanciaLinx operates as asubsidiary of GM Financial.^{[citation needed]}

In November 2012, GM Financial announced the acquisition ofAlly Financial's international assets.^[12] The transaction includes operations inAustria,Belgium,Brazil,Chile,Colombia,France,Germany,Greece,Italy,Mexico, theNetherlands,Peru,Portugal,Spain,Sweden,Switzerland and theUnited Kingdom. It also includes Ally’s 40-percent interest in its Chinese joint ventureGMAC-SAIC Motor. The majority of those assets were closed in 2013, with the remaining portion, an equity interest in a joint venture inChina, completed January 2, 2015.^[13]

In March 2017, the European arm of GM Financial was sold toGroupe PSA andBNP Paribas following the sale of GM's core area businessesOpel andVauxhall Motors in a $2.2 billion deal.

In November 2020, it was reported that GM Financial has been in discussions with regulators about forming anindustrial loan company (which allows ownership of both commercial firms and banks), which would allow it to expand its auto-finance business.^[14]

• Official website
• GM Financial Resources

• Financial services companies of the United States
• Financial services companies established in 1992
• Companies formerly listed on the New York Stock Exchange
• Companies based in Fort Worth, Texas
• General Motors subsidiaries

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