FACTOID # 66: Australians have a huge 380,000 sq m of land per person - and yet 91% live in urban areas.
 
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Encyclopedia > GMAC

General Motors Acceptance Corporation (GMAC) is the financial services arm of General Motors, the world's largest automobile manufacturer (by revenue). Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the S&P 500 in 2004). ... General Motors Corporation NYSE: GM, also known as GM, is a United States-based automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab, and Vauxhall. ... A small variety of cars, the most popular kind of automobile. ... Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ...


GMAC Financial Services provide a suite of financial programs including automotive financing, insurance and mortgage operations in 40 countries around the world.


Its other businesses have included real estate. On July 27, 1998, GMAC purchased Better Homes and Gardens Real Estate from Meredith Corporation, the owner of the "Better Homes and Gardens" trademark. GMAC conducted the acquisition through a subsidiary, "GMAC Home Services, Inc." GMAC licensed the "Better Homes" trademark for a time, and has continued the franchised real estate business under the name "GMAC Real Estate". Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... July 27 is the 208th day (209th in leap years) of the year in the Gregorian Calendar, with 157 days remaining. ... 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Meredith Corporation (NYSE: MDP) is based in Des Moines, Iowa. ... In business, a subsidiary is a company controlled by another, usually large—and often multinational—company or corporation. ... Meanings of franchise: Full rights of citizenship given by a country or a town, especially suffrage (political franchise) In a wider sense: any right or privilege granted by constitution or statute. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ...


GMAC also runs ditech.com. Founded in 1995, Ditech. ...


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