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In a move that welcomes former pieces of General Motors back into the fold, GM Financial has reached a deal with Ally Financial, formerly GMAC, to buy a piece of the company's international operations. The $4.2 billion deal is for Ally's Latin America, Europe and China operations. "GM is ...
General Motors is just about ready to start offering in-house financing once again. Its acquisition of AmeriCredit is complete, pending approval by AmeriCredit's shareholders. The merger is officially effective as of October 1st, 2010 and is an all-cash transaction valued at $3.5 billion. The ...
General Motors chairman and CEO Rick Wagoner chose to fill us in on GM's turnaround progress via the company's FastLane Blog, a soapbox usually reserved for one Bob Lutz. GM's chief reiterated some of the statements he made earlier in the week to the business media, spinning away a second quarter ...