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Ally Financial to repay U.S. Treasury in full by 2014


Ally Financial will repay the U.S. Treasury for its bailout by 2014 on the strength of its auto-finance business, its CEO said. The second-largest remaining investment by the U.S. Treasury's bailout fund, Ally Financial can make a significant payment this year toward the $14.6 billion still outstanding from the Treasury's Troubled Asset Relief Program. The announcement has been made by Ally's ...
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Daimler Financial Services expects record operating profit this year
Daimler estimates that its financial services business will grow profitably in 2013 after the company forecast a record €1.3 billion in operating profit for 2012. In the first ten months of ...
Mercedes Benz to start leasing operations in India
Germany’s automaker Mercedes Benz on Tuesday started its car leasing business in the Indian market. The new scheme will allow customers to lease vehicles on a monthly rental for ...

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Korea eyes F1 return with Seoul night race
Sep.23 (GMM/Inautonews.com) Korea is casting jealous eyes on the success of Singapore's city night race as it plans to ...
Recall roundup: Jeep Grand Cherokee and Dodge Durango for stalling problems
The Fiat Chrysler Group has recently issued another recall which is affecting the Jeep Grand Cherokee and the Dodge Durango ...
Mercedes-Benz Future Truck 2025 – images and details released
Mercedes-Benz has released some new details and a lot of images with the upcoming Future Truck 2025, which should revolutionize ...
MINI Superleggera Vision Concept announced for Paris
MINI will be officially bringing its Superleggera Vision Concept to the 2014 Paris Motor Show, which will be opening its ...
Recall roundup: Ferrari 458 because person can get trapped in the trunk
No, it’s not a joke. One of the weirdest recalls ever made is affecting one of the hottest rear mid-engined, ...
Peugeot 208 GTI 30th Edition – more images released
Peugeot is getting ready for the 2014 Paris Motor Show and one of the vehicles to make its way to ...
U.S. – BMW i8 configurator introduced
BMW has recently introduced the online configurator for one of its most impressive models ever created, the i8. Good news for ...
2015 Kia Sedona gets priced
Kia has announced the official starting price for its Sedona people carrier which will go on sale soon across the ...
[VIDEO] Fiat 500X teaser released
The Italian based automaker Fiat has released a new teaser video for the upcoming 500X crossover, which will be officially ...
Renault Megane RS275 Trophy arrives in Australia
One of the hottest vehicles in the compact segment, the Renault Megane RS275 Trophy, is now available for order in ...
[Video] Marvel at GM’s early take on touchscreen controls – serious vintage alert
For the latest generation of drivers having a car with a touchscreen based infotainment system is nothing out of the ...
Jaguar XER-S gets rendered
The first rendering with the upcoming Jaguar XER-S has recently hit the web and it might provide us with a ...
US: fuel prices could hit record low this year
Auto sales have been boosted this year by rising consumer confidence, which in its part has been partially triggered by ...
Cars are getting smarter than ever
With the advent of the automated vehicles and connected cars that can talk to each other and the surroundings, there’s ...
Lamborghini Murcielago gets crashed in Australia
A Lamborghini Murcielago has recently been crashed in Sydney, Australia, after colliding with a Honda SUV. Lamborghini has put a stop ...
[VIDEO] See a McLaren 12C Spider spit flames and melt its bumper
A new video with a McLaren 12C Spider is showing the impressive supercar spitting flames and partially melting its rear ...
BMW M4 Coupe gets updated by Lightweight
The German based aftermarket specialists from Lightweight have recently created an upgrade kit for the BMW M4 Coupe, which is ...
Chrysler and Google let us virtually tour the Sterling Heights plant
The Auburn Hills automaker, now a wholly owned subsidiary of Italy’s Fiat SpA has devised a clever way to promote ...