BANGALORE, April 15 (Reuters) - More car buyers are hitching a ride with subprime auto lenders such as AmeriCredit , as banks and other financial institutions have put the brakes on lending to ...

AmeriCredit is an independent auto financing company that already works with about 4,000 GM dealers. GM executives have said for months that they were missing sales opportunities due to lack of ...

FORT WORTH — General Motors recently called on AmeriCredit to offer a subvented program for franchised dealers looking to get credit-challenged customers into new 2009 and 2010 GM models.

Meanwhile, in 2010 General Motors had bought AmeriCredit Corp., Fort Worth, Texas, a specialist in loans to consumers with subprime credit. GM renamed it GM Financial.

AmeriCredit reports strong 4Q loan originations at $1.73B and improved credit results, ... As for managed auto receivables, they totaled $12.20 billion as of June 30.

General Motors Co plans to buy auto finance company AmeriCredit Corp for $3.5 billion in a cash deal financed by government bailout money and aimed at removing a major investor concern before a ...

General Motors is betting big on subprime loans in the auto market. And it's a bet that while risky might just pay off. ... Americredit's portfolio averages 17% when GM acquired it.

Automakers back in the loan biz as GM makes pitch for AmeriCredit. General Motors' bid to acquire auto financing firm AmeriCredit for $3.5 billion points to a resurgence by automakers to become ...

General Motors announces a cash deal to buy car-financing giant AmeriCredit for $3.5 billion, a move aimed at filling the business pothole left in 2006 when the auto maker gave up controlling ...

AmeriCredit Financial Services, the lender to car buyers with poor credit owned by General Motors Co., plans to sell $700 million of bonds backed by auto loans, according to a person familiar with ...

General Motors Co. said Thursday it will acquire auto-finance company AmeriCredit Corp. in a $3.5 billion deal aimed at increasing availability of auto loans and leases. The deal gives GM an in ...