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A flourishing vehicle segment still couldn’t offset the lingering effects of the housing crisis for Ally Financial Inc., which posted a lower first-quarter profit today.
Read More →Ally Financial Inc. and DealerTrack Canada Inc., a subsidiary of DealerTrack Holdings Inc., today announced that Ally Credit Canada Limited has been added to the DealerTrack Canada network of more than 6,000 Canadian dealers.
Read More →Ally Financial Inc. announced on March 30 that it completed the refinancing of $15 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 21 lenders.
Read More →Ally Financial Inc. announced on March 2 that the U.S. Department of the Treasury will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that the Treasury holds in Ally. This represents the full value of the Treasury's investment in these securities.
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It’s clear that lenders and dealers are feeling good about the road ahead. The two sides met at the 2011 Vehicle Finance Conference to reaffirm the importance of their relationship.
Read More →Ally Financial has financed more consumer new-vehicle purchases in the United States than any other lender during 2010, according to AutoCount data by Experian Automotive.
Read More →The National Automobile Dealers Association (NADA) announced that Ally Financial will utilize vehicle pricing information from the NADA Used Car Guide when underwriting consumer auto contracts in 38 states. The change is effective immediately.
Read More →Ally Financial Inc. (Ally) today reported its fourth consecutive quarter of profitability with net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5 billion for the year-ago period.
Read More →Ally Financial has been selected by Saab Cars North America as the recommended provider of F&I products and services for Saab dealerships in the United States.
Read More →The Ally Financial Inc. Board of Directors today said it declared quarterly dividend payments for certain outstanding preferred stock issued to the U.S. Department of the Treasury on Dec. 30, 2009.
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