Hints and tips:
Related Topics
...At General Motors-owned AmeriCredit, more than 13 per cent of the loans in its deal this month were to borrowers with a Fico score of 660 or higher, up from less than 3 per cent last year....
...“It’s clearly a big source of profitability in the medium term,” he said, citing rival GM’s decision to buy AmeriCredit as a foundation for its lending business, which now gives it a “very strong portfolio...
...Barker, analyst at Piper Jaffray in Philadelphia, noted that it would take Chrysler several years to develop a captive finance business, drawing a parallel to the experience of General Motors, which bought AmeriCredit...
...General Motors purchased subprime lender AmeriCredit for $3.5bn in 2010 and renamed it GM Financial, telling its shareholders it needed a new captive finance arm to guarantee demand for its vehicles from...
...tangible book value, the price compares well with multiples of between 1.1 and 1.4 times paid, respectively, by Toronto-Dominion Bank for a similar Chrysler Financial book in April, and by GM in 2010 for an AmeriCredit...
...General Motors has agreed to buy AmeriCredit, a Texas-based vehicle finance company, for $3.5bn in cash, the FT reports....
...General Motors said it had agreed to buy AmeriCredit, a Texas-based vehicle finance company, for $3.5bn in cash....
...Unable to bring its former “captive lender” Ally Financial (formerly GMAC) back into the fold, General Motors is instead paying $3.5bn in cash for subprime car lender Americredit....
...GM itself last year bought AmeriCredit, an independent auto finance business, for $3.5bn....
...Mr Carpenter said that AmeriCredit would allow GM to cater more to borrowers with spotty credit, an area of the market that Ally has been backing away from....
...Among stocks in the news, AmeriCredit surged 21.4 per cent to $23.91 after General Motors announced it was buying the auto finance lender for $24.50 a share....
...Lender AmeriCredit said it would acquire auto finance business Long Beach Acceptance in an all-cash transaction that values Long Beach at $282.5m....
International Edition