Motors Insurance Corp.: General Motors

General Motors: Below is a timeline showing the Detroit-based companys rise under former parent General Motors, its near collapse after a venture into residential mortgages and its recovery, according to Bloomberg. 1939: Motors Insurance Corp. forms and Ally Financial Inc. investors who bought $2.38 billion of stock in an initial public offering yesterday join hedge fund manager Dan Loeb and private equity executive Stephen Feinberg seeking to profit from auto lending. 1919: General Motors Acceptance Corp. is formed to provide financing to auto buyers . (news.financializer.com). As reported in the news.