General Motors Wants to Undo Their Self Destruction Find out How and Who is Stopping It

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Ally Financial, formerly known as GMAC, handles most of GM’s auto loans. Consequently, Ally Financial became a seperate congomerlate of General Motors when the cash strapped company sold its interest in the company to keep its doors open. Unfortunately, for individuals that have been negatively affected by the recession, Ally Financial does not agree with General Motors view to open the flood gate on financing credit challenged customers. In other words, Ally FInancial is not interested in the risky loans.

Therefore, for now General Motors does not have the latitude to offer financing to credit challenged individuals.

Let me know what you think. Should GM offer loans for challenge credit? If so, should they seperate from Ally Financial to accomplish that goal?

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