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Saturday, November 14, 2026Nov 14

GM wants more subprime buyers; will lender agree?

By DAN STRUMPF and TOM KRISHER

AP Auto Writers

DETROIT – If your credit isn’t good, General Motors Co. still wants to sell you a car.

The problem is, it can’t. At least not in big numbers. That’s why the automaker wants more control over its lending again.

GM’s top North American executive Mark Reuss, under pressure to quickly sell more cars and boost GM’s value as it gets ready to sell stock to the public, said a shortage of subprime lending is holding back sales in the U.S.