Exhibit 99.1

GM FINANCIAL REPORTS DECEMBER QUARTER OPERATING RESULTS

FORT WORTH, TEXAS Feb. 23, 2011 – GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”), announced net income of $75 million for the quarter ended December 31, 2010. Net income for the quarter was impacted by $16 million of expenses directly related to the acquisition of the Company by General Motors Company (“GM”).

Loan originations were $935 million for the quarter ended December 31, 2010, compared to $959 million for the quarter ended September 30, 2010 and $379 million for the quarter ended December 31, 2009. Financing for new GM vehicles accounted for 18.1% of total loan originations for the quarter ended December 31, 2010, compared to 15.7% for the quarter ended September 30, 2010 and 10.8% a year ago. Finance receivables totaled $8.6 billion at December 31, 2010.

Annualized net charge-offs were 5.5% of average finance receivables for the quarter ended December 31, 2010, compared to 8.9% for the quarter ended December 31, 2009.

Finance receivables 31-to-60 days delinquent were 6.2% of the portfolio at December 31, 2010, compared to 7.7% at December 31, 2009. Accounts more than 60 days delinquent were 2.4% of the portfolio at December 31, 2010, compared to 3.7% a year ago.

The Company had total available liquidity of $767 million at December 31, 2010, consisting of $195 million of unrestricted cash, approximately $272 million of borrowing capacity on unpledged eligible receivables and $300 million on a line of credit from GM. During the quarter, the Company used available cash to retire $463 million of convertible senior notes and senior notes in connection with the Company’s acquisition by GM.

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About GM Financial

General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States. GM Financial has approximately 3,000 employees in the U.S. and Canada, 800,000 customers and $9 billion in auto receivables. The company is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s annual report on Form 10-K for the year ended June 30, 2010. Such risks include – but are not limited to – variable economic conditions, adverse portfolio performance, volatile wholesale vehicle values, reliance on warehouse financing and capital markets, the ability to continue to securitize loans, the continued availability of credit enhancement for securitization transactions on acceptable terms, fluctuating interest rates, competition, regulatory and legal changes, the high degree of risk associated with subprime borrowers, and exposure to litigation. These forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Actual events or results may differ materially. It is advisable not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

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On October 1, 2010, the Company was acquired by General Motors Holdings LLC, a wholly owned subsidiary of General Motors Company. The merger was accounted for under purchase accounting whereby the purchase price of the transaction was allocated to the assets acquired and liabilities assumed based upon fair market values. As a result of the purchase price allocation, the carrying value of GM Financial’s net finance receivables, deferred tax assets, credit facilities, securitization notes payable and uncertain tax positions increased. Additionally, goodwill of approximately $1.1 billion was established. The consolidated financial statements as of and for the three months ended December 31, 2010, the period after the merger (labeled “Successor”), reflect the change in basis from the application of purchase accounting. The consolidated financial statements for the periods prior to the merger (labeled “Predecessor”), have been prepared on the same basis as the audited financial statements included in the annual report on Form 10-K for the year ended June 30, 2010.

General Motors Financial Company, Inc.

Consolidated Statements of Income

(Unaudited, Dollars in Thousands, Except Per Share Amounts)

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Consolidated Balance Sheets

(Unaudited, Dollars in Thousands)

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Consolidated Statements of Cash Flows

(Unaudited, Dollars in Thousands)

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Other Financial Data

(Unaudited, Dollars in Thousands)

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Components of net margin:

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Annualized net margin as a percent of average finance receivables:

Contact:

Caitlin DeYoung

(817) 302-7394

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