captive finance company :

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captive finance company

  • n  a finance company owned by a manufacturer to finance dealers' inventories or to make loans to consumers buying the company's products
News & Articles

  • Ally Financial IPO Provides An Exit For U.S. Treasury
    Detroit-based Ally Financial Inc., one of the nation’s biggest auto lenders and the former captive finance company for General Motors, today filed an Initial Public Offering worth about $2.7 billion. The Ally IPO is unusual in a couple of respects, according to today’s filing with the Securities and Exchange Commission: First, the [...]
    March 27, 2014 - Forbes

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