Founder Profile
General Motors Corporation (GM)
Last reviewed: January 1970 · By Swet Parvadiya
Who is General Motors Corporation (GM)?
General Motors Corporation (GM) is a founder of Ally Bank, which was founded in 1919 with John J. Raskob.
- Company founded
- Ally Bank
- Founded
- 1919
- Co-founders
- John J. Raskob
Founding Story
General Motors incorporated GMAC in 1919 in New York City with $2.5 million in capital to provide consumer credit to finance automobile sales, inventing the modern auto loan.
Sources
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