GM Hopes AmeriCredit Will Expand Customer Base

AmeriCredit

Forbes - July 21, 2010

After Gen­er­al Motors sold GMAC and the cred­it cri­sis wiped out leas­ing, the automak­er has been strug­gling to find a way to sell sub­prime cus­tomers. GM hopes that the acqui­si­tion of Ameri­Cred­it will solve these two prob­lems. The sale is expect­ed to close lat­er this year and coin­cide with GM’s ini­tial pub­lic offer­ing.