GM Financial
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China. The company is headquartered in Fort Worth, Texas, where it is downtown Fort Worth's largest employer.
| Formerly | AmeriCredit Corporation |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | 1992 |
| Headquarters | Burnett Plaza, Fort Worth, Texas, U.S. |
Area served | United States, Latin America, Canada, China |
Key people | Daniel Berce (CEO) |
| Products | Automobile financing |
| Revenue | US$ 13.419 billion (2021) |
| US$ 5.036 billion (2021) | |
Net income | US$ 3.789 billion (2021) |
| Total assets | US$ 113.786 billion (2021) |
| Total equity | US$ 13.794 billion (2021) |
Number of employees | 8,750 (2021) |
| Parent | General Motors |
| Website | gmfinancial.com |
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 and lease programs through auto dealers for customers across the credit spectrum. They also offer commercial lending products, such as retail floorplan, construction and real estate loans, or insurance for car dealerships.
Before its acquisition by GM, the company ranked at 768 on the Fortune 1000.