8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 9, 2010

General Motors Financial Company, Inc.

(Exact name of registrant as specified in its charter)

Texas	1-10667	75-2291093
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

801 Cherry Street, Suite 3500, Fort Worth, Texas 76102

(Address of principal executive offices, including Zip Code)

(817) 302-7000

(Registrant’s telephone number, including area code)

(Not Applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On November 9, 2010 General Motors Financial Company, Inc. (“GM Financial” or the “Company”) issued a press release announcing the results of operations for the quarter ended September 30, 2010. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

This information furnished in this Item 2.02, including the Exhibit attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed herewith.

Exhibit No.	Exhibit
99.1	Press Release dated November 9, 2010, issued by General Motors Financial Company, Inc. entitled “GM Financial Reports September Quarter Operating Results”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		General Motors Financial Company, Inc.
		(Registrant)
Date: November 9, 2010	By:	/s/ CHRIS A. CHOATE
		Chris A. Choate
		Executive Vice President, Chief Financial Officer and Treasurer

INDEX TO EXHIBITS

Exhibit No.	Exhibit
99.1	Press Release dated November 9, 2010, issued by General Motors Financial Company, Inc. entitled “GM Financial Reports September Quarter Operating Results”

EX-99.1

Exhibit 99.1

GM FINANCIAL REPORTS SEPTEMBER QUARTER OPERATING RESULTS

• Earnings of $51 million, including after-tax acquisition expenses of $30 million

• Loan originations of $959 million

• Annualized net losses were 5.4%

• Total available liquidity of $856 million

FORT WORTH, TEXAS Nov. 9, 2010 – GENERAL MOTORS FINANCIAL COMPANY, INC., formerly known as AmeriCredit Corp. (“GM Financial” or the “Company”), announced net income of $51 million for the quarter ended September 30, 2010. Net income for the quarter was adversely impacted by $43 million ($30 million after tax) of expenses directly related to the acquisition of the Company by General Motors. The Company reported net income of $26 million for the same period a year earlier.

Originations were $959 million for the quarter ended September 30, 2010, compared to $906 million for the quarter ended June 30, 2010 and $229 million for the quarter ended September 30, 2009. Finance receivables totaled $8.7 billion at September 30, 2010, compared to $10.0 billion at September 30, 2009.

Annualized net charge-offs were 5.4% of average finance receivables for the quarter ended September 30, 2010, compared to 8.4% for the quarter ended September 30, 2009.

Finance receivables 31-to-60 days delinquent were 6.2% of the portfolio at September 30, 2010, compared to 7.6% at September 30, 2009. Accounts more than 60 days delinquent were 2.5% of the portfolio at September 30, 2010, compared to 3.8% a year ago.

The allowance for loan losses as a percentage of finance receivables was 6.1% at September 30, 2010, compared to 6.6% at June 30, 2010 and 8.2% at September 30, 2009.

The Company had total available liquidity of $856 million at September 30, 2010, consisting of $538 million of unrestricted cash and approximately $318 million of borrowing capacity on unpledged eligible receivables.

-MORE-

About GM Financial

General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States. GM Financial has approximately 3,000 employees in the U.S. and Canada, 800,000 customers and $9 billion in auto receivables. The company is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s annual report on Form 10-K for the year ended June 30, 2010. Such risks include – but are not limited to – variable economic conditions, adverse portfolio performance, volatile wholesale vehicle values, reliance on warehouse financing and capital markets, the ability to continue to securitize loans, the continued availability of credit enhancement for securitization transactions on acceptable terms, fluctuating interest rates, competition, regulatory and legal changes, the high degree of risk associated with subprime borrowers, and exposure to litigation. These forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Actual events or results may differ materially. It is advisable not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

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General Motors Financial Company, Inc.

Consolidated Statements of Income

(Unaudited, Dollars in Thousands)

	Three Months Ended September 30,
	2010			2009
Revenue:
Finance charge income	$	342,349		$	389,796
Other income		30,275			23,488
		372,624			413,284
Costs and expenses:
Operating expenses		68,855			68,862
Leased vehicles expenses		6,539			10,110
Provision for loan losses		74,618			157,951
Interest expense		89,364			130,148
Acquisition expenses		42,651
Restructuring charges		(39	)		(37	)
		281,988			367,034
Income before income taxes		90,636			46,250
Income tax provision		39,336			20,489
Net income	$	51,300		$	25,761

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Consolidated Balance Sheets

(Unaudited, Dollars in Thousands)

	September 30, 2010		June 30, 2010		September 30, 2009
Cash and cash equivalents	$	537,529	$	282,273	$	462,106
Finance receivables, net		8,147,086		8,160,208		9,195,075
Restricted cash – securitization notes payable		975,942		930,155		873,304
Restricted cash – credit facilities		134,468		142,725		170,281
Property and equipment, net		36,592		37,734		42,054
Leased vehicles, net		54,730		94,677		143,819
Deferred income taxes		77,999		81,836		54,659
Income tax receivable						84,387
Other assets		143,064		151,425		190,047
Total assets	$	10,107,410	$	9,881,033	$	11,215,732
Credit facilities	$	617,415	$	598,946	$	1,019,068
Securitization notes payable		6,273,224		6,108,976		7,266,456
Senior notes		70,620		70,620		91,620
Convertible debt		419,693		414,068		397,763
Accrued taxes and expenses		208,438		210,013		153,725
Interest rate swap agreements		60,895		70,421		119,756
Other liabilities		6,504		7,565		17,071
Total liabilities		7,656,789		7,480,609		9,065,459
Shareholders’ equity		2,450,621		2,400,424		2,150,273
Total liabilities and shareholders’ equity	$	10,107,410	$	9,881,033	$	11,215,732

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Consolidated Statements of Cash Flows

(Unaudited, Dollars in Thousands)

	Three Months Ended September 30,
	2010			2009
Cash flows from operating activities:
Net income	$	51,300		$	25,761
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		14,649			22,824
Accretion and amortization of fees		(942	)		2,375
Provision for loan losses		74,618			157,951
Deferred income taxes		452			15,517
Non-cash interest charges on convertible debt		5,625			5,249
Stock-based compensation expense		5,019			2,968
Amortization of warrant costs					1,968
Other		(13,800	)		(6,817	)
Changes in assets and liabilities:
Income tax receivable					113,207
Other assets		16,373			1,305
Accrued taxes and expenses		(8,552	)		(6,657	)
Net cash provided by operating activities		144,742			335,651
Cash flows from investing activities:
Purchases of receivables		(940,763	)		(217,920	)
Principal collections and recoveries on receivables		883,807			912,121
Net change in restricted cash and other		2,351			13,335
Net cash (used) provided by investing activities		(54,605	)		707,536
Cash flows from financing activities:
Net change in credit facilities		(68,030	)		(611,065	)
Net change in securitization notes payable		254,488			(160,950	)
Cash settlement of share based awards		(16,062	)
Proceeds from issuance of common stock		2,138			1,136
Other net changes		(7,373	)		(2,823	)
Net cash provided (used) by financing activities		165,161			(773,702	)
Net increase in cash and cash equivalents		255,298			269,485
Effect of Canadian exchange rate changes on cash and cash equivalents		(42	)		(666	)
Cash and cash equivalents at beginning of period		282,273			193,287
Cash and cash equivalents at end of period	$	537,529		$	462,106

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Other Financial Data

(Unaudited, Dollars in Thousands)

	Three Months Ended September 30,
	2010		2009
Origination volume	$	959,004	$	229,073
Loans securitized		1,164,267		981,056
Average finance receivables	$	8,718,310	$	10,482,453

	September 30, 2010			June 30, 2010			September 30, 2009
Finance receivables:
Principal	$	8,675,575		$	8,733,518		$	10,021,033
Allowance for loan losses		(528,489	)		(573,310	)		(825,958	)
	$	8,147,086		$	8,160,208		$	9,195,075
Allowance as a percent of ending finance receivables		6.1	%		6.6	%		8.2	%

	September 30, 2010			June 30, 2010			September 30, 2009
Loan delinquency as a percent of ending finance receivables:
31 - 60 days		6.2	%		6.2	%		7.6	%
Greater than 60 days		2.5			2.7			3.8
Total		8.7	%		8.9	%		11.4	%

	Three Months Ended September 30,
	2010			2009
Contracts receiving a payment deferral as an average quarterly percentage of average finance receivables		6.1	%		7.9	%
Net charge-offs	$	119,439		$	222,633
Annualized net charge-offs as a percent of average finance receivables		5.4	%		8.4	%
Net recoveries as a percent of gross repossession charge-offs		46.4	%		42.7	%

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Components of net margin:

	Three Months Ended September 30,
	2010			2009
Finance charge income	$	342,349		$	389,796
Other income		30,275			23,488
Interest expense		(89,364	)		(130,148	)
Net margin	$	283,260		$	283,136

Annualized net margin as a percent of average finance receivables:

	Three Months Ended September 30,
	2010			2009
Finance charge income		15.6	%		14.7	%
Other income		1.4			0.9
Interest expense		(4.1	)		(4.9	)
Net margin		12.9	%		10.7	%
	Three Months Ended September 30,
	2010			2009
Operating expenses	$	68,855		$	68,862
Annualized operating expenses as a percent of average finance receivables		3.1	%		2.6	%
	September 30, 2010			September 30, 2009
Leverage		3.5x			4.7x

Contact:

Caitlin DeYoung

(817) 302-7394

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