Quantcast

Latest GMAC Stories

2010-09-30 08:00:00

AUBURN HILLS, Mich., Sept. 30 /PRNewswire/ -- Chrysler Group LLC has selected Ally Financial to be the preferred financing provider for Fiat vehicles in the U.S. Ally Financial will offer retail financing, leasing, wholesale financing, working capital and facility loans, and remarketing services to the new Fiat dealer network. "This relationship will help dealers fund their new stores and inventory, while giving Fiat customers the opportunity to obtain retail financing through a trusted...

2010-09-29 10:06:00

DETROIT, Sept. 29 /PRNewswire/ -- AmeriCredit to be renamed General Motors Financial Company, Inc. Acquisition will allow GM to offer consumers more financing and leasing options Launch of initial leasing program targeted by the end of first quarter 2011 General Motors announced its acquisition of AmeriCredit Corp. will close effective Oct. 1, 2010, following the approval of AmeriCredit's stockholders today. The company will be renamed General Motors Financial Company, Inc. (GM...

2010-09-22 16:58:00

DULLES, Va., Sept. 22 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it completed the previously announced private placement of 80,000 shares of the Company's Series A Convertible Preferred Stock to Cerberus Satellite LLC, an affiliate of Cerberus Capital Management, L.P. (together with its affiliates, funds and managed accounts, "Cerberus"). Gross proceeds to the...

2010-09-17 09:00:00

MIDVALE, Utah, Sept. 17 /PRNewswire/ -- Open dialogue, cutting-edge products and customer-friendly services have led customers to love Ally Bank, which will be reflected in a new ad campaign that is launching Sept. 20. To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/ally-bank-to-launch-campaign-reflecting-strong-customer-satisfaction-103128524.html "Our customers understand what Ally Bank is about and appreciate the value...

2010-09-14 01:30:00

SHANGHAI, Sept. 14 /PRNewswire/ -- GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC), a joint venture between Ally Financial Inc., Shanghai Automotive Group Finance Co., Ltd. and Shanghai General Motors Co. Ltd., announced that it booked a monthly record for retail contacts in August, as it celebrated the sixth anniversary of its founding. GMAC-SAIC booked more than 18,000 retail contracts in August and has signed more than 109,000 retail loan contracts during the first eight months of...

2010-09-13 08:27:00

CARTHAGE, Mo., Sept. 13 /PRNewswire-FirstCall/ -- Today, Leggett & Platt (NYSE: LEG) announced that it has sold its Storage Products business to SPG International, LLC. The sale completes the divestiture program, a significant part of the company's strategic realignment first introduced to investors in November 2007. Since implementation of the new strategy, Leggett has sold seven business units for a combined $433 million of after tax cash proceeds, exceeding the original $400...

2010-09-10 14:50:00

DETROIT, Sept. 10 /PRNewswire/ -- A group of over 450 former employees and managers from Chrysler and DaimlerChrysler today filed a class action claim in Wayne County Circuit Court against Daimler and Cerberus to regain their supplemental pensions that were lost during Chrysler's reorganization and bankruptcy last year. The guaranteed pensions were not transferred to the new Chrysler during those proceedings and, as a result, each of the plaintiffs lost large percentages of their earned...

2010-08-03 07:00:00

NEW YORK, Aug. 3 /PRNewswire-FirstCall/ -- Ally Financial Inc. (Ally) today reported net income of $565 million for the second quarter of 2010, compared to a net loss of $3.9 billion for the second quarter of 2009. Core pre-tax income, which reflects income from continuing operations before taxes and original issue discount (OID) amortization expense from bond exchanges, totaled $738 million in the second quarter of 2010, compared to a core pre-tax loss of $1.3 billion in the comparable...

2010-07-23 07:30:00

BOSTON, July 23 /PRNewswire/ -- AL Gulf Coast Terminals, LLC, a majority owned portfolio company of ArcLight Capital Partners, LLC ("ArcLight"), announced today that it has closed a $305 million financing supported by the ownership interests in its subsidiary, Houston Fuel Oil Terminal Company, LLC ("HFOTCO"). ArcLight invested in HFOTCO in 2007 and increased its ownership to 100 percent in October 2009 by purchasing 50 percent of the business from Motiva Enterprises LLC, a joint venture...

2010-07-22 07:00:00

DETROIT, July 22 /PRNewswire/ -- To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. (NYSE: ACF) today announced they have entered into a definitive agreement for GM to acquire AmeriCredit, one of the nation's leading independent auto finance companies, in an all-cash transaction valued at approximately $3.5 billion. "This acquisition supports our efforts to design, build and sell the world's best vehicles by expanding the...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
Related