MG Motor UK Appoints GMAC UK as Preferred Finance Provider for Its Customers

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Oct 28, 2011, 08:00 ET

BIRMINGHAM, England, Oct. 28, 2011 /PRNewswire/ -- MG Motor UK Ltd has selected GMAC UK plc, a subsidiary of Ally Financial Inc., to be its preferred retail financing provider in the UK for manufacturer programmes and standard rate finance. GMAC UK will provide financing to MG customers under the MG Financial Services brand.

Guy Jones, sales and marketing director of MG Motor UK, said: "GMAC is a trusted financing source in the industry. As a company with extensive experience, resources and capabilities in the UK market, GMAC will support our brand and help us grow our business. This important development allows us to offer a competitive range of retail finance products for the new MG6 GT, Magnette and following models."

"We are extremely pleased to enter this new retail relationship with MG in the UK," commented Ed Paulat, GMAC UK managing director. "We look forward to working with MG and supporting its dealers to maximise vehicle sales with competitive financing."

GMAC and MG have entered into a multi-year agreement to finance new and used vehicle sales for customers through MG dealers.

GMAC is also the preferred financier for Vauxhall, Chevrolet and Saab dealers and their customers in the UK. This new relationship with MG represents another step in GMAC expanding its customer base and further leverages GMAC UK's core competency in auto financing.

NOTE TO EDITORS:

MG Motor UK

MG Motor UK is based in Birmingham, England along with SAIC Motors European Technical Engineering Centre (SMTC) and they jointly employ 400 people in automotive styling, design, engineering, manufacturing and support services.

MG6 GT and MG6 Magnette

The MG6 GT sports fastback and MG6 Magnette sports saloon were both designed and engineered in the UK at MG Birmingham where final assembly also takes place.

GMAC UK PLC

GMAC UK PLC is a subsidiary of Ally Financial Inc. (formerly GMAC Inc.), one of the world's largest automotive financial services companies that offers a full suite of automotive financing products and services in key markets around the globe. With more than 90 years of successful experience in the United Kingdom, GMAC UK provides automotive financing products for Vauxhall, Chevrolet and Saab dealers and consumers, as well as retail financing to MG Motor. For more information, visit the Ally media site at http://media.ally.com.

Contacts:

Doug Wallace – MG Motor UK
+44 (0)121 251 2910 or 07702 368586
[email protected] or e-mail media enquiries to: [email protected]

Sue Mallino – GMAC UK / Ally Financial
+1 313 656 6970
[email protected]

SOURCE Ally Financial