TITLE

Will the GM-AmeriCredit Deal Cost Ally an Ally?

AUTHOR(S)
Berry, Kate; Lepro, Sara
PUB. DATE
July 2010
SOURCE
American Banker;7/23/2010, Vol. 175 Issue F328, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a proposed deal between General Motors (GM) Corp. and the subprime car lender AmeriCredit Corp. to create a captive finance unit. GM's relationship with Ally Financial Inc., which was formerly General Motors Acceptance Corp., is discussed. Financial analyst Raj Date comments on the irony of the deal.
ACCESSION #
52387105

 

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