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GM Financial Explores Options for Push Notifications Through OnStar

LAS VEGAS — General Motors Financial Co. is “in a discussion phase” to explore ways to utilize OnStar navigation and security systems to push notifications about payment information to borrowers, President and Chief Executive Dan Berce said. OnStar is a subsidiary of General Motors Co. and services 11 million customers globally. “With vehicles increasingly becoming […]

GM Financial Braces for Off-Lease Vehicle ‘Onslaught’ in 2018, CEO Says

LAS VEGAS — General Motors Financial Co. has sustained double-digit year-over-year loan and lease growth this year, however, depreciating used-vehicle values will create headwinds moving forward, said President and Chief Executive Dan Berce. “Our key goal for GMF is to survive the residual value onslaught as supply is going to keep through until 2019,” Berce […]

GM Captive to Finance OEM’s 2018 Self-Driving Manhattan Fleet

LAS VEGAS — General Motors Financial Co. will be the commercial lender for General Motors Co.’s new fleet of autonomous Chevrolet Bolts, which will be introduced onto the streets of Manhattan in early 2018, Auto Finance News has learned. The exclusive news came from the captive’s President and Chief Executive Dan Berce during a fireside […]

GM Financial Defies Industry Headwinds in 3Q Earnings

General Motors Financial Co. continues to be the exception to the trends in the industry as the company reported growing originations and lower delinquencies and charge-offs, during its third-quarter earnings report yesterday. Retail loan originations and leases grew 12.7% and 6.5% year over year, respectively. GM Financial originated $4.6 billion worth of retail installment contracts […]

10 VC Firms Investing in the Mobility of the Future

Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. With that in mind, Auto Finance News rounded up the top […]

OEMs Blur Lines of Self-Driving Rideshare Ownership

Ford Motor Co. and Lyft — which is partially owned by General Motors Co. — have formed a new partnership to work together on self-driving vehicles the companies announced today, further blurring the lines of autonomous vehicle ownership between OEMs. The partnership involves a deployment of human-driven vehicles from Ford on Lyft’s network for testing, followed […]

GM Stands by Service Contract Penalties to Ensure Quality Dealers

Although General Motors Co.’s network of dealers expressed concern over the penalties in the manufacturer’s new service contract disclosure forms last week at the 2017 Industry Summit, GM feels they are ultimately necessary. Failing to disclose to consumers that they are being sold a service contract that wasn’t approved by GM will soon subject dealers […]
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