subsidiary industry financial services founded 1992 1992 as americredit corporation headquarters burnett plaza fort worth texas u.s. area served united states canada europe china latin america key people daniel berce ceo products automobile financing revenue us 6.45 billion 2015 1 operating income us 837 million 2015 1 net income us 646 million 2015 1 total assets us 65.9 billion 2015 1 total equity us 8.05 billion 2015 1 number of employees 8 258 2016 parent general motors website www.gmfinancial.com general motors financial company inc. is a financial services arm of general motors . the company is a global provider of auto finance with operations in the united states canada europe china and latin america . the company is headquartered in fort worth texas . 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 . 2 acquisition by general motors edit in july 2010 general motors entered into a definitive agreement to acquire americredit in an all cash transaction valued at approximately 3.5 billion . the deal provided gm with a new financial arm to replace the loss of gmac now ally financial in 2006 . 3 following the approval of the deal by americredit shareholders gm renamed the company gm financial on oct. 1 2010 . 4 on sept. 4 2014 gm and gm financial announced they entered into a support agreement providing for leverage limits and liquidity support to gm financial if needed as well as other general terms of support . under the terms of the agreement as gm financial expands its product portfolio and grows its business gm committed to provide funding to gm financial if its earning assets leverage ratio rises above pre determined thresholds . gm extended an intercompany revolving credit facility to gm financial to provide up to 1 billion of liquidity if needed . this facility which is subordinate to gm financial s senior unsecured and secured debt will replace an existing 600 million line of credit from gm . the agreement also provides that gm will use its commercially reasonable efforts to ensure that gm financial will continue to be designated as a subsidiary borrower on up to 4 billion of gm s corporate revolving line of credit . 5 since being acquired by gm in 2010 gm financial has significantly increased its share of gm s business which now represents 75 percent of gm financial s consumer loan and lease originations . 5 on sept. 25 2014 standard & poor s ratings services upgraded the credit ratings of both gm and gm financial to investment grade with a stable outlook . the new gm corporate and gm financial credit rating is bbb . 6 on june 18 2015 fitch ratings upgraded the credit ratings of both gm and gm financial with a stable outlook . the new gm corporate and gm financial credit rating is bbb . 7 international operations edit in april 2011 gm financial acquired financialinx one of the largest independent leasing companies in canada to expand product offerings into canada . 8 financialinx operates as a subsidiary of gm financial . in november 2012 gm financial announced the acquisition of ally financial s international assets . 9 the transaction includes operations in austria belgium brazil chile colombia france germany greece italy mexico the netherlands peru portugal spain sweden switzerland and the united kingdom . it also includes ally s 40 percent interest in its chinese joint venture gmac saic motor . the majority of those assets were closed in 2013 with the remaining portion an equity interest in a joint venture in china completed jan. 2 2015 . 10 references edit a b c d e 2014 form 10 k general motors financial company . united states securities and exchange commission . february 4 2015 . fortune 500 2009 top 1000 american companies . fortune . 2009 05 04 . retrieved 2009 11 06 . gm to acquire americredit . pr newswire . shareholders ok sale of americredit to gm . the detroit news . a b gm and gm financial enter into support agreement . gm media . s & p upgrades gm and gm financial to investment grade . gm media . fitch upgrades gm s and gm finanical s idrs to bbb ; outlook stable . gm financial to acquire financialinx corporation . reuters . ally financial posts profit on tax benefit . reuters . gm financial completes purchase of international operations joint venture in china from ally financial . www.gmfinancial.com . retrieved 2015 01 05 . v t e general motors divisions and subsidiaries vehicle brands buick cadillac chevrolet gmc holden holden special vehicles opel opel performance center vauxhall services acdelco gm certified service gm financial onstar geographic general motors canada cami automotive general motors de mexico general motors do brasil general motors egypt general motors india chevrolet sales india private limited general motors south africa general motors japan opel group shareholdings faw gm 50 % gm avtovaz 41.61 % gm korea 96 % chevrolet europe gm vietnam gm uzbekistan 25 % uzdaewooavto 50 % hrl laboratories 50 % saic gm 49 % saic gm wuling 34 % baojun industries m caniques maghr bines 20 % products and technologies platforms transmissions hybrids vehicles engines i3 family 0 sge i4 family 0 sge family 1 mge family ii ecotec v6 high feature gen v v8 gen iv gen v former divisions joint ventures and subsidiaries allison engine company 1929 1995 allison transmission 1929 2007 atlantic aircraft dayton wright company 1919 1923 delco electronics delphi 1994 1999 detroit diesel 1938 1988 directv 1994 2003 electro motive diesel 1930 2004 electronic data systems 1984 1996 euclid trucks 1953 1968 fisher body fleetwood metal body frigidaire 1919 1980 general motors europe 1986 2010 general motors diesel division 1938 1987 general motors diesel 1949 1969 ghandhara industries 1953 1963 gm defense 1950 2003 gmac ally 1919 2013 gmac real estate 1998 2008 gmc heavy trucks hughes aircraft 1985 1997 hughes electronics 1985 1997 hughes network systems 1987 2003 hughesnet direcway direcpc 1996 2003 kettering university national city lines nummi 1984 2009 new venture gear 36 % 1990 2002 nexteer 2009 2010 north american aviation 1933 1948 nuvell financial services 1997 2008 panamsat 1995 2003 remy electric 1918 1994 rochester products division terex united australian automobile industries 1989 1996 winton motor carriage company yellow coach manufacturing company 1925 1943 places renaissance center gm technical center gm proving grounds factories people william c. durant founder tim solso chairman mary barra ceo dan ammann president other general motors foundation history reorganization general motors motorama streetcar conspiracy concept of the corporation ignition switch recalls category commons retrieved from https en.wikipedia.org w index.php title gm financial & oldid 730422397 categories financial services companies of the united statescompanies established in 1992companies formerly listed on the new york stock exchangecompanies based in fort worth texas navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 18 july 2016 at 22 58 . text is available under the creative commons attribution sharealike license ; 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