GM Partners With Goldman, Mastercard For Credit Card Launch
General Motors (GM) announced that it has collaborated with Goldman
Sachs and Mastercard to roll out a co-branded reward-based credit
card. The automaker said Goldman Sachs will be the issuing bank for
the credit card, which is planned to be launched in September.
Meanwhile, Mastercard (MA) will remain the network provider of the
cards. Chuck Thomson, GM's general manager of retail sales and
marketing support said, “We chose to partner with Goldman Sachs
(GS) because of their proven ability to innovate.” Last week, GM
announced that it will roll out EV delivery vehicles under its new
business unit named BrightDrop.