GM Financial

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.

Acquisition by General Motors

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 in 2006. Following the approval of the deal by AmeriCredit shareholders, GM renamed the company "GM Financial" on Oct. 1, 2010.