Does GM still own Subaru?
The entity formerly known as GMAC (General Motors Acceptance Corporation) no longer operates under that name or structure in the automotive lending space, as it rebranded to Ally Financial in 2010 following the financial crisis. It is important to distinguish this from the "GMAC" that currently exists as the Graduate Management Admission Council. The modern-day GMAC is a global, non-profit organization of business schools that owns and administers the Graduate Management Admission Test (GMAT). This organization has no connection to automotive finance or the former lending arm of General Motors. If you are searching for GMAC in a professional or academic context, it refers exclusively to the business school testing organization based in Reston, Virginia, and not a financial or automotive institution.
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