Deals
GM Bids for Ally Financial’s International Operations
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General Motors Co., the largest U.S. automaker, said its lending arm made a bid in July for Ally Financial Inc.’s international operations, which, if successful, could more than double GM Financial Co.’s consolidated assets.
Ally, which in May said it was putting its ResCap mortgage subsidiaries in Chapter 11 bankruptcy, is also seeking to divest more than $30 billion of assets in Canada, Mexico, Europe and Latin America.