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John M. McNamara (born 1940) [1] [2] is an American former businessman who was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
[24] [25] [26] In 1919, GM acquired Guardian Frigerator Company, part-owned by Durant, which was renamed Frigidaire. Also in 1919, the General Motors Acceptance Corporation (GMAC), which provides financing to automotive customers, was formed. [27] [16] In 1920, du Pont orchestrated the removal of Durant once again and replaced him with Sloan. [28]
RoadLoans was established in 2000 by Triad Financial Corp., owned by the Ford Motor Credit Co., and in 2005 it was sold to an investment group. RoadLoans was purchased by Santander Consumer USA Holdings Inc. in 2009 as its direct-to-consumer lender. [5]
Momentary relief was met with the stark reality Friday that President Donald Trump is not done with this chaotic tariff regimen.
Although the past few years have been brutal for borrowers from an interest rate perspective, they’ve been fantastic for people with money in the bank. For much of 2023 and 2024, 5% CD rates ...