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GMAC stands for General Motors Acceptance Corporation. They are currently one of the most successful financial organizations who are committed to being knowledgeable and passing along their information to their customers via great service. GMAC offers their business services to companies, individuals, and auto dealers. Their headquarters are located in two main spots- Southfield, Michigan and St. Louis, Missouri. Over 100 offices of GMAC are located throughout the United States as well as Canada. They are also located through the rest of the world. These offices employ more than 3,800 employees, all ready and able to help their customers with their insurance needs. GMAC's history can be traced way back to 1919. This is the year that the business began as an arm of General Motors. Later on, there was big changes because of growth and expansion, new products and markets, all designed to meet the growing needs of the customers. GMAC Insurance was the first company of its kind that sold auto service contracts. These contracts were drawn up and sold to protect drivers from sudden and unexpected breakdowns of their vehicles, or repairs needed.
GMAC is currently one of the largest insurance underwriters in the world today, and they give insurance, financial coverage, and services to a very wide range of customers. A subsidiary of GMAC is called GMAC Insurance Online, and they operate in all of the 50 states. The goals of GMAC are simple- they strive to provide a quality service to their customers around the world while offering the biggest and best in insurance and insurance related products. GMAC is part of General Motors, as a financial service company. GMAC Insurance offers a wide variety of services that includes more than automobile insurance, such as mortgage financing, as well as other services that are useful to many people. ResCap Holding is another umbrella company that handles mortgages that are residential in nature. ResCap Holding is the parent for many other companies, including GMAC Mortgage, GMAC-RFC, GMAC Bank, Dietch.com and Homecomings Financial. A real estate service subsidiary was purchased by The Better Homes and gardens Real Estate Company. GMAC Management Team The GMAC Management team is as follows: Eric A. Feldstein Chairman, GMAC (General Motors Acceptance Corporation) William F. Muir President, GMAC (General Motors Acceptance Corporation) Mark F. Bole, Executive Vice President, GMAC International Operations |
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