The General Motors Corporation said yesterday that it expected to receive some $100 million a year in fees under the terms of a deal to sell a majority stake in its financing arm, the General Motors Acceptance Corporation.G.M., which agreed to sell a 51 percent stake in the finance unit to a consortium led by the hedge fund Cerberus Capital Management, outlined the fee payments and the agreed profit-sharing framework yesterday in a filing with regulators.
G.M. said G.M.A.C. would pay the automaker $75 million annually to be the exclusive provider of incentives related to retail financing.
In addition, G.M. would collect royalty fees of at least $15 million a year from G.M.A.C., the automaker said. G.M. said it expected those royalties, related to sales of warranties and auto service agreements, would be $25 million annually.
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