General Motors Financial, the auto financing arm of General Motors has reported a 23% increase in quarterly revenue to $$1.1 billion it benefits from the auto manufacturer"s efforts to bolster its lending operations. Earlier this year it said that GM Financial would replace Ally Financial as exclusive lessor for Buick, GMC and Cadillac vehicles from Feb / Mar. Figures also showed that loan delinquencies in North America rose to 7.2% from 6.8%
General Motors Financial, the auto financing arm of General Motors has reported a 23% increase in quarterly revenue to $1.4bnas it benefits from the auto manufacturer"s efforts to bolster its lending operations. Earlier this year it said that GM Financial would replace Ally Financial as exclusive lessor for Buick, GMC and Cadillac vehicles from Feb / Mar. Figures also showed that loan delinquencies in North America rose to 7.2% from 6.8%