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GM’s Fort Worth-based finance arm is taking on the banks

Jon Prior
GM’s Fort Worth-based finance arm is taking on the banks

Six years ago, the relatively new Fort Worth-based finance arm of auto giant General Motors waded into the business of making back-office loans to dealerships for their inventory and sometimes real estate deals. In the next two years, GM Financial is aiming to be the market leader for this wholesale business long dominated by big banks.