LONDON – SsangYong Motor UK has selected GMAC UK, a subsidiary of Detroit-based Ally Financial, to be its preferred financing provider for its vehicles in the UK.
GMAC UK will provide wholesale financing for dealers and retail financing for customers.
Paul Williams, CEO of SsangYong Motor UK, said in a statement: "Working with GMAC will support the growth of our business and help our dealers fund their inventory."
Ed Paulat, GMAC UK managing director, said in the same statement: "This new affiliation represents another step in GMAC expanding its customer base."
GMAC is also the preferred finance source for Vauxhall and Chevrolet and their customers in the UK, as well as the preferred provider of consumer financing for MG.
Originally set up by General Motors, GMAC is majority owned by the U.S. government. It was renamed Ally Financial in 2010, with the UK subsidiary keeping the original name.