/

Browse Ally Financial articles

GM decides to stop using Ally Financial for lending services


Ally Financial Inc has taken a hit these days as the No. 1 US automaker – General Motors – has decided to stop using the financial services provider for its discounted leases and lending programs. According to the financial services company, Ally will overcome the situation of losing its primary client by seeking to expand its business towards dealerships that work ...
Read more

related more
spacer
spacer

More Ally Financial articles

Ally Loss Widens in the Second Quarter
Ally Financial said that its loss in the second quarter widened due to higher provisions for soured vehicle loans and mortgage settlement. Net loss during the second quarter jumped to $927 ...
Ally Plans to Raise $1B to Pass US Stress Tests
Ally Financial might raise around $1 billion in stock to be able to pass the Federal Reserve's annual stress test, according to anonymous sources. The auto-lender majority owned by U.S. taxpayers, ...
ResCap Gets Initial Approval for $2.1B Agreement With Ally Financial
Residential Capital got approval for a $2.1-billion deal with parent Ally Financial, which will help the company come up with a plan to repay creditors. U.S. Bankruptcy Judge Martin Glenn, from ...
Ally Financial Pays ResCap $2.1B to Avoid Lawsuits
Ally Financial will pay $2.1 billion to the ResCap bankruptcy estate to avoid lawsuits. "Putting these issues behind us is in the best interest of our shareholders, employees and customers," Ally ...
GM Rolls Out F&I Products With Vehicle Brand Names
Beginning this month GM will roll out its F&I products, firstly though its dealerships in Ohio and then expanding nationwide by the end of this year. Steve Hill, vice president of ...
Opel Hopes to Boost Sales Through Opel Financial Services
Opel expects to boost sales relying on cheaper leasing deals and loans after it has taken back in-house the German banking license. In April, GM Financial Company launched the new 'Opel ...
Ally Financial Reports $1.1 Billion Net Income for Q1
Ally Financial reported first quarter net income up by almost $800 million to $1.1 billion on one-time gain. Ally Financial announced that its core pre-tax loss reached $6 million during the ...
Ally Financial Sold its Latin America and Europe Operations to GM Financial
Ally Financial announced it has almost completed the sales of its assets in Latin America and Europe to GM Financial for $2.6 billion. "Completion of this transaction marks another step in ...
Ally Sells the Rest of Mortgage Servicing Rights to Quicken Loans
Ally Financial will sell to Quicken Loans the rest of the agency mortgage servicing rights for almost $280 million. On January 31st, the loans had an unpaid principal balance of almost ...

latest automotive news
Ferrari, Sauber next to reveal 2015 cars
Jan.30 (GMM/Inautonews.com) Ferrari and the similarly-powered Sauber teams on Friday separately revealed their new 2015 cars. Ferrari's long and low-nosed ...
BMW 2-Series Convertible gets massive photo gallery
BMW has released a large photo gallery with the 2-Series Convertible, marking the introduction of the model on the Old ...
BMW X5 M and X6 M get M Performance parts
A series of M Performance parts for the BMW X5 M and X6 M have been recently introduced by the ...
Check out the Rolls-Royce Phantom Drophead Coupe Nighthawk
Rolls-Royce has officially introduced a new special version of the Phantom Drophead Coupe, which has been called the Nighthawk Edition. The ...
BMW 2-Series Family Tourer spied
The second model to be based on the 2-Series Active Tourer, the so-called 2-Series Family Tourer, has been caught on ...
Honda NSX Type R rendered once more
New renderings with the 2016 Honda NSX are showing us how the upcoming range-topping version may look like once it ...
BMW M2 spied playing in the snow
Our spy photographers have managed to capture the new BMW M2 Coupe on camera once again. The development of the BMW ...
Honda lowers profit goal as Takata recalls take their toll
Japan's third largest automaker, Honda Motor Co, decided to lower its core annual profit forecast by 6.5 percent for 2015 ...
2015 Hyundai Genesis to be launched in the UK
The 2015 Hyundai Genesis sedan will be arriving in dealerships across the United Kingdom this April, as the company has ...
Traffic jams might become history thanks to advanced technology
In the very likely case you live in a major metropolitan region and drive daily, you always leave home with ...
2015 Lexus NX200t arrives in Australia
Lexus has announced the arrival of the 2015 NX200t in Australia where the model in question can be yours from ...
Recall roundup: Toyota Avalon for fire risk
Toyota has issued a recall recently for several Avalon models because of a possible fire risk. The Toyota Avalon is the ...
US: Houston accident with driver fatality linked to Takata airbags
Japan’s third largest automaker, Honda Motor, announced on Thursday that a person driving a 2002 Accord was killed in a ...
Lamborghini Aventador Super Veloce spotted
New images with the upcoming Lamborghini Aventador Super Veloce have recently ended up on the web, depicting the most extreme ...
Dubai dealer selling Pagani Huayra and Bugatti Veyron Super Sport
An exotic car dealership in Dubai is currently offering for sale to extremely hot rides, the Bugatti Veyron Super Sport ...
Super Bowl Sunday could see three surprise Fiat Chrysler commercials
We already told you that Fiat Chrysler Automobiles seemed likely to return to the Super Bowl this year with a ...
2015 Hyundai Sonata arrives in Australia
The 2015 Hyundai Sonata is wearing a starting price of 29,990 AUD, plus on-road costs, in the Pacific country, as ...
US: federal safety regulators on the lookout for Takata whistleblowers
The National Highway Traffic Safety Administration has decided it wants to swiftly find out people that can offer insider information ...