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FORT WORTH, Texas — Coinciding with a private
offering of senior notes that could be connected to the development, a recent
acknowledgement in paperwork filed to the Securities and Exchange Commission
showed General Motors Financial is showing interest in Ally Financial's international
operations.

The SEC document indicated Ally Financial previously
announced plans to divest its international operations in Canada, Mexico,
Europe and Latin America. Officials said GM Financial and a number of other
third parties submitted indicative bids in July and are "at the preliminary
stages of the bid process investigation.

"There is no assurance that GM Financial will be successful
in acquiring any of Ally Financial's international operations," GM Financial
said. "However, if GM Financial is successful in completing a transaction, it
could expand its operations materially in international markets. Such expansion
could have significant impacts on its business, results of operations,
liquidity and financial condition.

"If GM Financial is the successful bidder, its consolidated
assets could potentially more than double, and it could incur substantial
amounts of indebtedness, including secured debt," officials projected.

"Depending on the scale of the operations GM Financial may
acquire and the amount of equity that it invests in such a transaction or
transactions, its consolidated debt and other liabilities could potentially
more than double and its ratio of adjusted assets (giving effect to the
transaction or transactions) to adjusted equity (excluding goodwill) could
potentially more than double as well," they went on to say.

General Motors chief executive officer Dan Akerson said he
was interested in acquiring Ally's international operations in a May interview
with Bloomberg.

"We're interested in it, but we're not going to bleed to buy
it," Akerson said in May at Bloomberg's New York headquarters according to this
online report. "We're the natural buyer."

Analysts told Reuters that Ally assets could attract bids in
the range of $2 billion to $4 billion.

"It's a good thing to have control of financial services
companies," Guggenheim Securities analyst Matthew Stover said in this report, adding
he has a "neutral" rating on GM shares.

"They tend to be very profitable. From an investment
standpoint, they tend to be pretty good businesses and from a competitive
standpoint they help you be more flexible in the (sales) market," Stover
continued.

GM Financial Prices Private Offering of $1.0 Billion Senior
Notes Due In 2017

In other company news, GM Financial this week priced its
private offering of $1.0 billion of 4.75 percent Senior Notes due 2017.

Officials explained the Notes will be offered only to
qualified institutional buyers in accordance with Rule 144A and to non-U.S.
persons under Regulation S under the Securities Act of 1933, as amended. They
indicated the Notes offering is expected to close on or about Thursday, subject
to customary closing conditions.

GM Financial indicated it plans to use the net proceeds from
the offering of the notes for general corporate purposes, including, but not
limited to, possible acquisitions.

The company also mentioned the notes have not been
registered under the Securities Act or any state securities laws, and may not
be offered or sold in the United States absent such registration or an
applicable exemption from the registration requirements of the Securities Act
and applicable state securities laws.

"This news release does not and will not constitute an offer
to sell or the solicitation of any offer to buy the notes, nor shall there be
any sale of the notes in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state," GM Financial officials declared.