GM Financial Overview

General Motors Financial Summary General Motors is a multifaceted company, but its main function is to produce automobiles and light trucks (SIC 3711). GM shares are listed on the New York Stock Exchange as of October 14, 2001, and there were approximately 1,426,592,046 tradable shares in the market. Our head office is located in Detroit, Michigan, with offices throughout the world. In addition to the automobile industry, there are many other businesses in GM. General Motors accepts corporate financial services company, Hughes Electronics, General Motors Group.

GM designs, manufactures and sells automobiles, trucks and automobile parts, and GM also offers automobile finance services through General Motors Finance. We operate in four automotive sectors of General Motors in North America, GM Europe, International Operations of General Motors, General Motors in South America. For the year ended December 31, 2011, GM's worldwide automobile sales totaled 9 million units. GM develops, manufactures and sells Buick, Cadillac, Chevrolet and GMC brands for North American customers. GM outside North America develops, manufactures and sells its own vehicles under Buick Chevrolet, GMC, Opel, Cadillac, Daewoo, Holden and Vauxhall. These dealers include dealers, distributors, authorized dealers, service and parts dealers. (Thomson Reuters, 2012)

General Motors Finance specialized in acquiring second-hand car installment sales contracts initiated by franchises other than GM and GM and selected independent dealers to sell used cars and new cars. GM Finance also offers rental products through GM dealers to sell secondhand cars and new cars for customers with a score of sub prime and major credit bureau. General finance primarily generates revenue and cash flow through purchase, holding, subsequent securitization and credit financial services. Cash and borrowings that can be used by financial institutions are used for the purpose of acquiring receivables before securitization based on the credit facility. General Finance obtains financial expense income from finance receivables and pays interest on borrowings based on the credit facility. We regularly transfer accounts receivable to investors in securitization trusts that issue asset-backed securities.