![]() Additional materials addressing the Company’s results of operations for the quarter ended Macan be accessed via the Investor Relations section of the Company’s website at. is the wholly owned captive finance subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. Use the CB Insights Platform to explore GM Financials full profile. The Company had total available liquidity of $30.8 billion at March 31, 2023, consisting of $4.4 billion of cash and cash equivalents, $23.0 billion of borrowing capacity on unpledged eligible assets, $0.5 billion of borrowing capacity on committed unsecured lines of credit, $1.0 billion of borrowing capacity on the Junior Subordinated Revolving Credit Facility from GM, and $2.0 billion of borrowing capacity on the GM Revolving 364-Day Credit Facility.Įarnings resulting from the Company's equity investment in joint ventures that conduct automotive finance operations in China were $41 million for the quarter ended March 31, 2023, compared to $25 million for the quarter ended Decemand $54 million for the quarter ended March 31, 2022. GM Financial is a finance company and the wholly owned subsidiary of General Motors. Accounts more than 60 days delinquent were 0.5% of the portfolio at both Maand March 31, 2022.Īnnualized net charge-offs were 0.8% of average retail finance receivables for the quarter ended Maand 0.7% for the quarter ended March 31, 2022. Retail finance receivables 31-60 days delinquent were 1.8% of the portfolio at Maand 1.7% at March 31, 2022. ![]() of how General Motors earns its revenue and profit, as well as a look into. The outstanding balance of commercial finance receivables, net of fees was $10.6 billion at March 31, 2023, compared to $11.3 billion at Decemand $7.4 billion at March 31, 2022. (GM) makes money through its sales of vehicles and its financing business but. She learned early in her career that moving successfully through a transformation process requires aligning her teams, thinking holistically, and using a well-balanced leadership approach. Leased vehicles, net was $31.8 billion at March 31, 2023, compared to $32.7 billion at Decemand $36.6 billion at March 31, 2022. In her role as CEO of Aegon the Netherlands, Allegra van Hövell-Patrizi embraces change. Operating lease originations were $3.9 billion for the quarter ended March 31, 2023, compared to $3.5 billion for both the quarters ended Decemand March 31, 2022. The outstanding balance of retail finance receivables, net of fees was $67.7 billion at March 31, 2023, compared to $65.3 billion at Decemand $59.5 billion at March 31, 2022. Retail loan originations were $9.1 billion for the quarter ended March 31, 2023, compared to $8.3 billion for the quarter ended December 31, 2022, and $8.1 billion for the quarter ended March 31, 2022. (“GM Financial” or the “Company”) announced net income of $584 million for the quarter ended March 31, 2023, compared to $605 million for the quarter ended December 31, 2022, and $962 million for the quarter ended March 31, 2022. It’s important to us that our team members have what they need to do the best work possible.FORT WORTH, Texas-( BUSINESS WIRE)- GENERAL MOTORS FINANCIAL COMPANY, INC. Check out our open full-time, part-time and internship positions in: GM Financial has offered lease extensions for a while now, with the COVID-19 pandemic. In the past, we’ve seen great deals like 0 financing for five years on the 2019 Camaro and up to 2,750 cash back on the 2019 Blazer. You can apply for a loan through GM Financial online or at a dealership. There, you can make a payment, access billing statements, update your profile and communication preferences, and even message with our Customer Experience agents. Here’s how financing and leasing with GM Financial breaks down: GM Financial auto loans. You can explore a variety of career paths and any of our departments. General Motors’ captive financing arm, GM Financial, is providing lease extensions to customers. You can manage your GM Financial Account through the GM Financial App or online by going to and signing in to My Account. And we encourage them to bring their true selves to work every day - whether they’re a passionate dog owner, an adventurous explorer or anything in between. Our team members make those dreams possible. They work with Chevy dealers near you and all over to provide financing options for Chevy truck owners. With operations in the U.S., Canada and Latin America, we work to fulfill dreams of mobility around the world on a daily basis. GM Financial is the financial arm of General Motors. ![]() GM Financial is the wholly owned captive finance company of General Motors and is headquartered in Fort Worth, Texas. Access the Document Center on MyAccount GM Financial GM Financial 332 views 1 year ago GM Financial Fort Worth Parade of Lights - 2022 GM Financial 7.5K views Streamed 3 months.
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