Company Overview of General Motors Financial Company, Inc.
General Motors Financial Company, Inc. provides automobile financing solutions in North America and internationally. It offers prime and sub-prime lending, and full credit spectrum leasing offered through franchised and independent dealers under the GM Financial and AmeriCredit brands to serve customers who have limited access to automobile financing through banks and credit unions. The company also provides consumer lending products, such as wholesale or floorplan financing to new and used vehicle inventory; and dealer loans to finance parts and accessories, as well as improvements to dealership facilities, to provide working capital, and to purchase and finance dealership real estate. In a...
801 Cherry Street
Fort Worth, TX 76102
Founded in 1986
Key Executives for General Motors Financial Company, Inc.
Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Chief Operating Officer of International Operations and Executive Vice President
Executive Vice President of Brazil, Chile & Columbia and President of Banco GMAC Brazil
President of International Operations
Compensation as of Fiscal Year 2016.
General Motors Financial Company, Inc. Key Developments
General Motors Financial Co. Inc. Prices Floating-Rate Senior Notes Due 2022
Jan 16 17
General Motors Financial Co. Inc. priced an offering of floating-rate senior notes due 2022, and fixed-rate senior notes due 2022 and 2027. The company is offering $500.0 million aggregate principal amount of the floating-rate notes, which are due January 14, 2022. The interest rate basis is three-month LIBOR plus 155 basis points. Interest is payable January 14, 2017, April 14, 2017, July 14, 2017 and Oct 14, 2017 beginning April 14, 2017. The company is offering $1.25 billion of its 3.450% senior notes due January 14, 2022. Interest is payable January 14, 2017 and July 14, 2017 beginning July 14, 2017. The company is offering $750.0 million of its 4.350% senior notes due January 17, 2027. Interest is payable January 17, 2017 and July 17, 2017 beginning July 17, 2017.
General Motors Financial Company, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reports Net Charge Offs for the Third Quarter of 2016
Oct 25 16
General Motors Financial Company, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenues of $2,499 million compared with $1,707 million for the same period a year ago. Income before income taxes was $228 million compared with $231 million for the same period a year ago. Net income was $147 million compared with $179 million for the same period a year ago. The company's results were driven by growth in North America retail loan originations, which were $3.4 billion in the quarter, up both sequentially and year-over-year.
For the nine months, the company reported total revenues of $6,866 million compared with $4,576 million for the same period a year ago. Income before income taxes was $719 million compared with $670 million for the same period a year ago. Net income was $500 million compared with $515 million for the same period a year ago.
For the third quarter of 2016, the company recorded net charge offs of $160 million against $132 million a year ago.
General Motors Financial Company, Inc. to Report Q3, 2016 Operating Results on Oct 25, 2016
Sep 21 16
General Motors Financial Company, Inc. announced that they will report Q3, 2016 operating results at 8:03 PM, GMT Standard Time on Oct 25, 2016
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