In a savvy financial move, General Motors Financial Company, which is a fully-owned subsidiary of General Motors, has just acquired equity interest in Latin America and Europe. As was reported, they have “the top-level holding companies that comprise substantially all of Ally Financial, Inc.’s automotive finance and financial services businesses in Latin America and Europe.”
GM now has exclusive financing operations in Europe, Latin America and North America. They are gaining a significant competitive advantage to offer financing options to customers. They first announced their plans to buy Ally’s foreign business operations in 2012. These included operations in Germany, the UK, Italy, Sweden, Switzerland, Austria, Belgium and the Netherlands, Chile, Colombia and Mexico.