GMAC LLC
200 Renaissance Center
PO Box 200
Detroit,
MI 48265-2000
Phone: 313-556-5000
Web Site: http://www.gmacfs.com
| Index Membership: | N/A | | Sector: | | | Industry: | | | Employees (last reported count): | 22,700 |
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| REUTERS ABRIDGED BUSINESS SUMMARY | |
| GMAC LLC provides diversified financial services in the United States, Canada, Mexico, Latin America, Europe, and the Asia-Pacific. It operates in three segments: Automotive Finance, Mortgage, and Insurance. The Automotive Finance segment provides consumer automotive financing products and services, including purchasing or originating, selling, and securitizing automotive retail contracts and leases with retail customers, as well as collection and processing services to those contracts and leases; and fleet financing to automotive dealers and others. It also offers automotive dealer financing products and services comprising financing the purchases of new and used vehicles by dealers; making loans or extending revolving lending facilities for various purposes to dealers; selling and securitizing automotive dealer receivables and loans; and servicing and monitoring such financing. In addition, this segment provides individual leasing and fleet leasing products and vehicle remarketing services, as well as holds a portfolio of automotive contracts, leases, and automotive dealer finance receivables for investment or sale. The Mortgage segment principally originates, purchases, sells, and securitizes residential mortgage loans. This segment also provides primary and master servicing to investors in its residential mortgage loans and securitizations; collateralized lines of credit; and specialty financing and equity capital to residential land developers and homebuilders. The Insurance segment offers automotive extended service and maintenance contracts through automobile dealership; automobile physical damage insurance and other insurance products; and vehicle and home insurance through various distribution channels, including independent agents, affinity groups, and the Internet. The company was founded in 1919 and is based in Detroit, Michigan. GMAC LLC operates as a subsidiary of General Motors Corporation. |
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| Key Statistics | More from Reuters
Expanded Business Description |
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| REUTERS ABRIDGED FINANCIAL SUMMARY | |
| | Pay | Exercised | Mr. Alvaro G. de Molina , 52
Chief Exec. Officer |
$
1.20M | N/A | Mr. William F. Muir , 54
Pres |
N/A
| N/A | Mr. Robert S. Hull , 45
Chief Financial Officer, Exec. VP |
$
750.00K | N/A | Mr. Samuel Ramsey , 49
Chief Risk Officer, Exec. VP |
$
1.58M | N/A | Mr. Sanjay Gupta , 40
Chief Marketing Officer |
$
1.60M | N/A |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.13 (0.67%)
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