ar also offers a mobile application to provide subscribers with up-to-date vehicle information, such as oil level, tire pressure and fuel level, as well as remote start, remote door lock and unlock and navigation services from a mobile phone. Car- and Ride-Sharing In January 2016, the company announced the next step in its strategy to redefine personal mobility with a new car-sharing service called Maven, which combines the company’s multiple car-sharing programs under a single brand and would expand its offerings to multiple cities and communities across the U.S. Maven gives customers access to highly personalized, on-demand mobility services. In January 2016, the company purchased a 9% equity ownership interest in Lyft, Inc. (Lyft), a privately held company, which the company would leverage to expand its ride-sharing offerings. The company also intends to develop with Lyft an integrated network of on-demand autonomous vehicles in the U.S. Alternative Fuel Vehicles The company offers 12 FlexFuel vehicles in the U.S. for the 2016 model year to retail customers plus an additional 7 models to fleet and commercial customers capable of operating on gasoline, E85 ethanol or any combination of the 2. The company also markets FlexFuel vehicles in other global markets where biofuels have emerged in the marketplace. The company produces compressed natural gas (CNG) bi-fuel capable vehicles in Europe, such as the Opel Zafira and in the U.S. with the Chevrolet Express and GMC Savana full-size vans (fleet and commercial customers) and the Chevrolet Silverado and GMC Sierra 2500 HD pick-up trucks (commercial and retail customers) that are capable of switching between gasoline or diesel and CNG. In addition, the company offers the CNG bi-fuel Chevrolet Impala full-size sedan to both fleet and retail markets in the U.S. The company offers liquefied petroleum gas capable vehicles globally in select markets reflecting the infrastructure, regulatory focus and natural resource availability of the markets in which they are sold. The company supports the development of biodiesel blend fuels, which are alternative diesel fuels produced from renewable sources; and provides biodiesel capabilities in other markets reflecting the availability of biodiesel blend fuels. Hydrogen Fuel Cell Technology As part of the company’s long-term strategy to reduce petroleum consumption and greenhouse gas emissions, the company is committed to continuing development of its hydrogen fuel cell technology. The company’s Chevrolet Equinox fuel cell electric vehicle demonstration programs, such as Project Driveway, have accumulated approximately 3 million miles of real-world driving by consumers, celebrities, business partners and government agencies. Automotive Financing - GM Financial GM Financial is the company’s global captive automotive finance company and its global provider of automobile finance solutions. GM Financial conducts its business in North America, Europe, South America, and as a result of the 2015 acquisition of Ally Financial, Inc.'s equity interest in SAIC-GMAC Automotive Finance Company Limited, in China. GM Financial provides retail lending, both loan and lease, across the credit spectrum. Additionally, GM Financial offers commercial products to dealer customers that include new and used vehicle inventory financing, inventory insurance, working capital, capital improvement loans, and storage center financing. In North America, GM Financial's retail automobile finance programs include prime and sub-prime lending and full credit spectrum leasing. The sub-prime lending program is primarily offered to consumers with FICO scores approximately 620 who have limited access to automobile financing through banks and credit unions, and is expected to sustain a higher level of credit losses than prime lending. The leasing product is offered through the company’s franchised dealers and primarily targets prime consumers leasing new vehicles. GM Financial is expanding its leasing, near prime and prime lending programs through its franchised dealers and anticipates that leasing and prime lending would become an increasing
general motors co (GM:New York)
300 Renaissance Center
Detroit, MI 48265
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