General Motors Financial Co. is hosting a grand opening event on Thursday for its San Antonio service center, which will house up to 700 new jobs in the region, the company announced in a press release.
The 100,000-square-foot facility has already added 200 jobs in the area, joining the other 8,000 employees GMF employs across its 17 credit centers in the U.S. and Canada. GM Financial is headquartered in Fort Worth and has another service center in Arlington, Texas.
“We are excited to celebrate the grand opening of our San Antonio Service Center, which expands our economic and employment presence in the state of Texas,” Dan Berce, president and chief executive of GM Financial, said in the release. “Along with our parent company, General Motors, we are proud of our long history in the state, where together we employ more than 11,000 people, all committed to building and financing some of the best vehicles in the world.”
The growth in staffing is in line with the company’s increased originations. GM Financial posted year-over-year retail loan origination gains of 87% and 62% in the first and second quarters, respectively. Leasing gains were more modest with a 4.3% increase to $6.8 billion in the second quarter, compared with the same period the year prior.
Hear more from Berce during a fireside chat at the 17th annual Auto Finance Summit, which will take place on Oct. 25-27 at the Wynn Las Vegas. To learn more about this year’s event — or to register — visit the Summit’s homepage here.
