GM said it will buy Ally Financial’s operations in Europe, China, and Latin America as it tries to build a global finance unit to make car loans and boost sales. The auto giant’s US loan business, GM Financial, will pay $4.25 billion for the Ally assets. Ally, which was GM’s financial arm until it was taken over by the US government in the 2008 banking meltdown, is selling assets to raise money to repay the government for a $17.2 billion bailout.
| Associated Press November 24, 2012
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢