AmeriCredit aims higher with Bay View acquisition

G. C.
November 2005
Asset Securitization Report;11/14/2005, Vol. 5 Issue 43, p4
The article discusses the acquisition by AmeriCredit Corp, an independent finance company, of Bay View Acceptance Corp, a prime and specialized auto loan originator. This deal places AmeriCredit into the prime lending world and gives Bay View a bigger corporate parent. According to AmeriCredit, it has no plans, so far, to change the financing strategy, which relies on securitization, for either company.


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