Is General Motors Financial taking over the world? The signs are there that it is after the auto financial arm purchased most of Ally Financial’s Latin American and European operations for around $2.6 billion paid in the form of $190 million in dividends and $2.4 billion in piles of cash.
The deal makes GM Financial proud owners of vehicle financing operations in the Netherlands, Chile, Italy, Belgium, Switzerland, Germany, Austria, Colombia, Sweden, Mexico, and some place called the United Kingdom. Later this year, Ally Financial ‘s operations in China, France and Brazil will be sold to GM Financial as well.
In 2013 alone, Ally Financial has received close to $6.7 billion for selling operations around the globe.