GMAC Inc. (General Motors Acceptance Corporation), is an American bank holding company headquartered in Detroit, Michigan, United States.

General Motors Acceptance Corporation now knows as Ally Financial.

Type Public company

Traded as NYSE: ALLY

Industry Financial services

Founded 1919 (as GMAC Inc.)

Headquarters Detroit, Michigan, United States

Key people

Franklin Hobbs, Chairman

Jeffrey J. Brown, CEO

William Muir, President

Services

Auto financing
Online banking
Vehicle service contracts

Revenue Increase US$4.920 billion (2015)

Operating income

Increase US$1.452 billion (2015)

Profit Increase US$1.289 billion (2015)

Total assets Increase US$158.581 billion (2015)

Total equity Decrease US$13.439 billion (2015)

Owner Cerberus Capital Management (8.22%)
Perry Capital (4.00%)

The Vanguard Group (3.50%)

Number of employees

7,100 (2015)