FORT WORTH, Texas — As reported sources discussed the company's latest selling of asset-backed securities, General Motors Financial confirmed retirement plans for one of its top executives.

GM Financial announced earlier this week that Brian Mock, the company's executive vice president of consumer services, decided to retire upon the completion of an "orderly transition period," according to its Form 8-K issued to the Securities and Exchange Commission.

Mock joined the company in 2001 and has been in his current role since 2002.

As a part of the transition plan, GM Financial explained two of Mock's direct reports will take over the lead roles in the company's consumer services group, effective on Sunday.

The company told the SEC Scott Dishman will be promoted to executive vice president of servicing and will lead the servicing operations. Dishman is currently the senior vice president of corporate collections and loss mitigation and has been with the company since 1998.

Additionally, GM Financial informed federal officials Robert Beatty will be elevated to executive vice president of specialty areas and will lead the asset remarketing, bankruptcy and loss recovery areas. Beatty is currently the senior vice president of corporate servicing and has been with the company since 2002.

Report: GM Financial's Newest ABS Sale

According to a report from Reuters citing market sources, AmeriCredit is selling $1.1 billion of asset-backed securities supported by subprime auto loans.

Reuters calculated that this announcement brought ABS deals offered to investors this week to $5.5 billion.

The report indicated the deal, marketed by Credit Suisse (structuring lead), RBS, and Wells Fargo, is titled AmeriCredit Automobile Receivables Trust (AMCAR) 2012-2.

About 50 percent of the deal has been pre-placed, according to sources.

The report added AmeriCredit last tapped the ABS market at the end of January with the $1 billion AMCAR 2012-1 transaction.