Nuvell Financial Services

Nuvell Financial Services
Industry	Car finance
Founded	1997; 26 years ago (1997)
Defunct	2009; 14 years ago (2009)
Fate	Dissolved
Headquarters	Little Rock, Arkansas
Parent	GMAC (now Ally Financial)

Nuvell Financial Services was a subsidiary of GMAC (now Ally Financial) that originated subprime auto loans. In March 2009, the company was shut down by its parent.

Nuvell was based in Little Rock, Arkansas, with other offices in Bedford, Texas, Jacksonville, Florida, Greeley, Colorado, and Anaheim, California.

Nuvell also serviced loans for American Suzuki Financial Services and Saab Group (SFSC).

History

The company was founded in 1997 when GMAC acquired the assets of LSI Holdings Inc.^[1]^[2]^[3]

In June 1998, Tommy Pritchard was appointed president of the company.^[1]

In February 2000, the company began buying contracts originated by dealers affiliated with National Auto Finance Co., as long as they met Nuvell's standards.^[4]

In March 2009, the company was shut down by its parent.^[5]

References

^ ^a ^b KRANZ, RICK (April 24, 2000). "Nuvell at a glance". Automotive News.
^ "EXEC SEES STRONG GROWTH FOR GMAC SUBPRIME UNIT". Automotive News. October 26, 1998.
^ Krebs, Michelle (August 7, 1997). "GMAC Buys Arkansas Subprime Lender". American Banker.
^ Henry, Jim (April 24, 2000). "GMAC's subprime unit heads uptown". Automotive News.
^ Harris, Donna (January 7, 2009). "GMAC to shut down subprime subsidiary". Automotive News.

General Motors

Divisions and
subsidiaries

Vehicle brands	Buick Cadillac Chevrolet GMC BrightDrop
Service brands	ACDelco BrightDrop Cruise Dexron GM Certified Service GM Defense GM Financial OnStar
Global subsidiaries	Argentina Brazil Canada Chile Colombia Egypt Japan Mexico New Zealand GM Specialty Vehicles Cadillac Europe

Shareholdings

Products and
technologies

Platforms Transmissions Hybrids Vehicles
Engines	I3 Family 0 SGE E-Turbo I4 Family 0 SGE Family 1 MGE Family II Ecotec V6 High Feature Gen V V8 Gen V Blackwing V8
Electric	EV1 BEV2 Ultium BEV3

Former divisions,
joint ventures
and subsidiaries

Allison Engine (1929–1995)
Allison Transmission (1929–2007)
Ally Financial (1919-2013)
Atlantic Aircraft
Bendix (24%) (1924–1948)
Chevrolet Europe (2005-2016)
Chevrolet-Saturn of Harlem (2006–2011)
Cleveland Diesel (1938–1962)
Dayton-Wright (1919–1923)
Delco Electronics
Delphi (1994–1999)
Delta Motor Corporation (1997-2004)
Detroit Diesel (1938–1988)
DirecTV (1994–2003)
Electro-Motive Diesel (1930–2004)
Electronic Data Systems (1984–1996)
Euclid Trucks (1953–1968)
FAW-GM (2009–2019)
Fisher Body (1925–1984)
Fleetwood Metal Body (1925–1984)
Frigidaire (1919–1980)
Ghandhara Industries (1953–1963)
GM-AvtoVAZ (2001–2019)
GM Diesel (1949–1969)
GM Diesel Division (1938–1987)
GM Europe (1986–2017)
GM India (1995–2020)
GM South Africa (1913–2017)
GM Thailand (2000–2020)
GM Uzbekistan (2008–2019)
GM Vietnam (1993–2018)
GMAC Real Estate (1998–2008)
GMC Heavy Trucks
Holden (1948–2020)
- Holden Special Vehicles
Hughes Aircraft (1985–1997)
Hughes Electronics (1985–1997)
Hughes Network Systems (1987–2003)
- HughesNet (1996–2003)
Kettering University
Maven (2016–2020)
National City Lines
NUMMI (1984–2009)
New Venture Gear (36%, 1990–2002)
Nexteer (2009–2010)
North American Aviation (1933–1948)
Nuvell (1997–2008)
Opel (1931–2017)
PanAmSat (1995–2003)
Remy Electric (1918–1994)
Rochester Products
Terex
United Australian (1989–1996)
Vauxhall (1926–2017)
Yellow Coach (1925–1943)

Facilities

People

Sponsorship

World of Motion
Test Track (1999–2012 under all of GM, Chevrolet only since 2012)

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History

References