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General Motors Co's GM Financial To Buy Ally Financial Inc's Europe, Latin America Operations-Reuters


Wednesday, 21 Nov 2012 10:12pm EST 

Reuters reported that General Motors Co's financing arm GM Financial has agreed to pay about $4.2 billion for the European and Latin American auto lending operations of Ally Financial, as it looks to extend its in-house financing to boost sales. Ally, which is 74% owned by the U.S. government, announced the plan to sell its international operations in May 2013. 

Company Quote

30.04
-0.89 -2.88%
24 Oct 2014