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Elaine Moore
I wanted to love driverless taxis, but then my ride took a sinister turn
...If companies have their way, more are coming. Waymo, owned by Google’s parent company Alphabet, and General Motors’ Cruise both want to offer 24-hour taxi services. For now, permissions are limited....
June 30, 2023
The Big Read
Here come the driverless taxis
...of robotaxis in San Francisco — seen as a key moment on the journey to national acceptance — was twice delayed this summer....
August 18, 2023
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
Intellectual property
Inventors learn to deploy their assets as collateral
...Household names such as Alcatel-Lucent, General Motors and Dell are among borrowers that previously deployed the strategy....
June 18, 2020
LexAlphabet Inc
Waymo: Google’s carpool for a driverless moonshot Premium content
...The round featuring the likes of SoftBank and T Rowe Price, valued the autonomous vehicles unit of General Motors at $19bn. Wall Street analysts have pegged a similar number for Waymo....
March 3, 2020
Books
Extracts from the 2015 shortlist
...Consider definedcontribution retirement plans like 401(k)s....
October 19, 2015
FT AlphavilleUS downturn
Guest post: Outtakes from the American Express informercumentary & the Andreessen Bitcoin circus
...As with the recent General Motors scandal, regulators were warned repeatedly, but the warnings were ignored....
March 26, 2014
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
US & Canadian companies
Berkshire to buy $1.5bn ResCap portfolio
...ResCap was placed into bankruptcy in May by Ally Financial, formerly know as GMAC, the lending arm of General Motors that was bailed out with $17.1bn of taxpayers’ money as part of the 2009 rescue of the...
October 25, 2012
LexUS & Canadian companies
Ally Financial – risks and rewards
...Now the former finance arm of General Motors is on a course meant to accelerate repayment and prepare for a sale or listing. One leg involves selling non-US businesses....
October 28, 2012
US & Canadian companies
RBC to buy Ally’s Canadian arm for $4.1bn
...The former financing arm of General Motors, which used to be called GMAC, Ally had to pull a previous IPO because of fears about its liabilities for failed mortgages....
October 23, 2012
ReviewUS & Canadian companies
Ocwen wins ResCap auction with $3bn bid
...Ally itself is majority-owned by the US Treasury and used to be known as GMAC, the financing arm of General Motors....
October 24, 2012
US & Canadian companies
ResCap rejects Berkshire asset bids
...ResCap is the mortgage unit of Ally Financial, which is majority-owned by the US government, as part of its rescue of General Motors during the financial crisis....
June 15, 2012
US & Canadian companies
Berkshire makes offers for ResCap assets
...The Berkshire bids are the latest twist in a battle between Ally, which was the financing arm of GM and went by the name GMAC before the $17.1bn government bailout, and Mr Buffett’s company....
June 11, 2012
US & Canadian companies
Berkshire sold bonds after probe call
...Ally Financial used to be known as GMAC, the financing arm of General Motors....
June 8, 2012
US & Canadian companies
Ally puts mortgage unit into bankruptcy
...Ally, 74 per cent owned by the US Treasury, used to be known as GMAC, the financing arm of General Motors....
May 14, 2012
US & Canadian companies
Ally nearing sale of resort business to Centerbridge
...The transaction comes as Ally seeks to sell non-core assets held by the troubled former finance arm of General Motors....
September 23, 2010
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US & Canadian companies
Ex-GM finance arm moves closer to IPO
...The Treasury said on Thursday that it would convert $5.5bn of preferred stock in Ally Financial – the new name for the General Motors Acceptance Corporation – into ordinary equity....
December 31, 2010
US & Canadian companies
Buy-out bidders eye auction for GMAC arm
...GMAC was bailed out by the government last year along with its parent, the carmaker General Motors....
September 13, 2010
US & Canadian companies
Recovery in car and home loans lifts Ally
...Ally was originally created as a wholly owned financing subsidiary of General Motors, but was spun out in 2006 after the private equity firm Cerberus Capital Management bought a 51 per cent stake....
August 4, 2010
US & Canadian companies
GMAC reports first profit since crisis
...Originally created as a wholly owned financing unit of General Motors, GMAC was spun out in 2006, when the private equity firm Cerberus Capital Management bought a 51 per cent stake....
May 3, 2010
US & Canadian companies
GMAC sells European arm to Fortress
...The company, formed in 1919 to provide financing to General Motors, got into trouble during the housing boom when it branched out into high-risk loans....
April 12, 2010
US & Canadian companies
GMAC finance chief to depart
...Since his appointment as CFO in December 2007, Mr Hull has helped transform GMAC from a captive finance arm of General Motors to a standalone bank holding company that, in addition to making car loans, operates...
March 10, 2010
US downturn
GMAC’s pay policy called into question
...Formerly the in-house financing arm of General Motors, GMAC became a bank holding company after a 2006 buy-out by Cerberus Capital Management....
March 12, 2010
IPOs
Hedge funds buy Chrysler Finco ‘private’ equity on liquidation, M&A hopes; Cerberus takes a pass
...General Motors could make a bid, but a potential tie-up would be rife with complications stemming from government ownership of that OEM as well, one of the analysts suggested....
June 28, 2010
US & Canadian companies
US Treasury takes majority stake in GMAC
...The US Treasury will become the majority shareholder of GMAC, the former lending arm of General Motors, as part of a restructuring announced on Wednesday....
December 30, 2009
US & Canadian companies
GMAC chief ousted as bail-out talks go on
...Alvaro de Molina was ousted as chief executive of GMAC Financial Services, the lending arm of General Motors, on Monday after little more than 18 months in the post as the troubled lender remained locked...
November 17, 2009

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