Ally Financial Largest U.S. Auto Finance Company, Report Finds
NEW YORK — Ally Financial seized on a market buoyed by new loan originations to claim the title of largest auto finance company in the United States in 2010, according to the new Auto Finance Big...
View ArticleAlly Introduces Financing Product With 48th Month Sell Option
Ally Financial Inc. debuted in five markets yesterday a new financing product that offers the benefits of leasing, but provides the advantages of owning a vehicle at a fixed rate and payment. The...
View ArticleAlly Tops Experian Rankings
DETROIT — Experian Automotive announced that Ally Financial was the top consumer auto sales financier in the U.S. marketplace. Ally accounted for more than one in every 11 vehicles financed in the U.S....
View ArticleChrysler Talking to Banks About Auto-Lending Venture
DETROIT—Chrysler Group LLC is in discussions with banks about establishing an in-house lending arm through a joint-venture to better compete in the U.S. auto market, according to people familiar with...
View ArticleChrysler Won’t Renew Deal With Ally
AUBURN HILLS – Chrysler Group LLC notified Ally Financial Inc. that it will not renew its auto finance agreement with the former captive, according to the carmaker’s April 25 filing with the Securities...
View ArticleAlly’s ResCap Files For Bankruptcy Protection
DETROIT — Hoping to strengthen its financial position and accelerate its repayment of the U.S. Treasury’s investment, Ally Financial announced yesterday that its mortgage subsidiary, Residential...
View ArticleRV Maker Adds Ally as Floorplan Financing Source
DETROIT – RV manufacturer Forest River Inc. selected Ally Financial as an additional provider for dealer inventory financing. The agreement is effective immediately. Ally Financial will participate in...
View ArticleGovernment Watchdog Calls for GM, Ally Exit Plan
WASHINGTON — A subcommittee of the U.S. House Oversight Committee will hear testimony today from government watchdog Christy Romero, who said that the Obama administration must conjure a plan on how to...
View ArticleTreasury Names Appointees to Ally Board of Directors
WASHINGTON- The U.S. Department of the Treasury exercised its right to appoint two directors to the Ally Financial Inc. (Ally) board of directors, naming Henry Miller and Gerald Greenwald. The...
View ArticleAlly Financial Beefs Up Dealer Services
Detroit — Ally Financial has enhanced services offered to dealers through its Performance Development Center and Relationship Management Center. Dealers will be offered more training and new tools to...
View ArticleAlly Financial Launches New Automotive Ad Campaign
Detroit — Ally Financial’s latest advertising campaign for its U.S. automotive business features dealers sharing stories of business and civic accomplishments while noting how Ally helped them achieve...
View ArticleCFPB Investigating Ally Financial
Washington — Ally Financial, in its March 1 filing with the Securities and Exchange Commission (SEC), revealed that it was one of the finance sources warned by the Consumer Financial Protection Bureau...
View ArticleAlly Financial Launches Mobile App Designed with Dealer Input
Detroit – SmartAuction, Ally Financial’s online used vehicle auction, launched a mobile app designed utilizing dealer input. Users can now search for vehicles, communicate with sellers, negotiate...
View ArticleAlly Launches Web-based Training Platform for Dealers
Detroit – Ally Financial introduced a new, interactive Web-based training site for dealers called the Performance Development Center, which provides dealership employees customized training...
View ArticleGM Financial Prepares for ‘CFPB Exam’
Fort Worth, Texas — During its quarterly investor call on July 25, General Motors Financial Co. (GM Financial) announced earnings of $178 million for the second quarter of 2013, compared to $137...
View ArticleAlly Announces Marketing Efforts to Support Minority Dealers
Detroit – Ally Financial will introduce the first of several new ads in August that showcase diverse dealers. The ads are the latest addition to Ally’s “Success Stories” campaign, which celebrates the...
View ArticleAlly Financial Receives Auto Finance Excellence Award
Detroit – Ally Financial was honored with a 2013 Auto Finance Excellence Award for its success and contributions to the auto finance industry. The award was presented at the annual Auto Finance Summit....
View ArticleDealers Preparing for Strong 2014 Sales Momentum, Ally Financial Survey Shows
New Orleans – Auto dealers are optimistic about sales momentum in 2014, with a majority expecting increases at their dealerships of more than 10% compared to last year, according to an Ally Financial...
View ArticleAlly and TIME Announce 2014 TIME Dealer of the Year
New Orleans — Ally Financial and TIME announced that Jeff Teague of Teague Ford Lincoln in El Dorado, Ark. has been selected as the 2014 TIME Dealer of the Year. Teague was selected from a group of 56...
View ArticleU.S. Treasury Will Not Increase Pay for Ally Financial CEO
(Reuters) – The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial, the Treasury Department said. “The CEO compensation...
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