GMAC Inc.

200 Renaissance Center
Detroit, MI 48265-2000 (Map)
Phone: 313-556-5000
Fax: 815-282-6156
Toll Free: 800-200-4622
http://www.gmacfs.com

Hoover's coverage by Mark Richardson

Overview

GMAC aims to be the MAC Daddy of global finance firms. With operations in about 30 countries, GMAC offers financing to General Motors (GM) and Chrysler dealerships and their customers. GMAC is also one of the largest mortgage issuers and servicers in the US through its Residential Capital (ResCap) subsidiary. GMAC Insurance offers vehicle service contracts and home and auto coverage. Its commercial finance arm offers financing to middle-market businesses, as well as factoring and accounts receivable financing. GMAC was founded in 1919. The company was not included in GM's 2009 Chapter 11 bankruptcy filing.

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Key Numbers from Hoover's UK

Key financials for GMAC Inc.

Company Type Holding Company
Fiscal Year-End December
2008 Sales (mil.) £24,478.3
1-Year Sales Growth 12.6%
2008 Net Income (mil.) £1,290.0
2008 Employees 22,700
1-Year Employee Growth (15.0%)
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Key People from Hoover's UK

Key people and executives for GMAC Inc.

Chairman Franklin W. Hobbs
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CEO and Director, GMAC Financial Services Alvaro G. (Al) de Molina
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President, GMAC Financial Services William F. (Bill) Muir
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Top Competitors from Hoover's UK

Top competitors of GMAC Inc.

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Significant Developments

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Industry Information from Hoover's UK

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Subsidiaries/Affiliates Covered By Hoover's UK

Subsidiaries/affiliates of GMAC Inc.

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Rankings from Hoover's UK

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