Ally Financial [Formerly General Motors Acceptance Corporation (GMAC)]

Multiple Choice

Ally Financial [formerly General Motors Acceptance Corporation (GMAC) ]

A) is a wholly owned subsidiary of General Motors.
B) only provides financing to purchasers of automobiles built by General Motors.
C) had its Canadian assets purchase by Royal Bank of Canada in 2013.
D) did not participate in U.S. federal bailout funds during the financial crisis because of their financial strength.
E) is the largest finance company in the U.S.