U.S., Canada, Mexico and through a joint venture, China. OnStar is a provider of connected safety, security, and mobility solutions and information technology. OnStar's primary services include automatic crash response, stolen vehicle assistance, remote door unlock, turn-by-turn navigation, vehicle diagnostics, and hands-free calling. Strategy As part of the company’s long-term strategy to reduce petroleum consumption and greenhouse gas emissions it is committed to continuing development of its hydrogen fuel cell technology. Environmental and Regulatory Matters The company is subject to laws and regulations that require the company to control automotive emissions, including vehicle exhaust emission standards, vehicle evaporative emission standards, and onboard diagnostic system requirements. AUTOMOTIVE FINANCING GM Financial purchases automobile finance contracts originated by GM and non-GM franchised and select independent dealers in connection with the sale of used and new automobiles. GM Financial also offers a lease financing product for new GM vehicles and a commercial lending program for GM-franchised dealerships. GM Financial's lending products in North America are primarily offered to consumers who typically are unable to obtain financing from traditional sources, such as banks and credit unions. GM Financial utilizes a proprietary credit scoring system to differentiate credit applications and to statistically rank-order credit risk in terms of expected default rates, which enables it to evaluate credit applications for approval and tailor loan and lease pricing and structure. GM Financial services its loan and lease portfolios at regional centers using automated servicing and collection systems. GM Financial finances its loan origination volume through the use of credit facilities and securitization trusts that issue asset-backed securities to investors. In 2012, GM Financial commenced commercial lending activities in the U.S. centered on floor plan financing of dealer vehicle inventory and dealer loans to finance dealer sites, facilities, facility improvements, and working capital. Significant Events In May 2014, General Motors has announced a USD 50-million investment in its Lordstown, Ohio (US) assembly facility to support production of the next-generation Cruze.
general motors co (GMM/U:Toronto)
300 Renaissance Center
Detroit, MI 48265
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