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Ally Financial posts Q4 profit as U.S. auto sales increase


Ally Financial, the biggest U.S. auto lender, posted a fourth-quarter profit as more consumers purchased cars and trucks. The company's net income was $1.4 billion, compared with a loss of $206 million a year earlier, the company said today in a statement. Core pretax income was $19 million, rising from a $172 million loss a year earlier. The U.S. Government owns 74 ...
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More Federal government articles

Tesla reportedly needing more loans to survive in 2013
Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla ...
General Motors and the federal government, or how taxpayers will lose big
We all know that back in 2008 General Motors was bailed out by the federal government. At that time the feds came with $49.5 billion; yes, a lot of money. In ...
GM, Ally Financial, AIG CEOs won’t get raises for 2012
Top executives at three companies including GM, Ally Financial and AIG were ordered to take pay cuts by the federal government. Overall chief executive compensation at GM, American International Group Inc. ...
Loans for Tesla Motors’s New Models
Tesla Motors Inc. Chairman and Chief Executive Elon Musk declared that the company is on the schedule with the terms of the loan from the federal government and that it ...
GM CEO advocates proposed fuel economy standards
General Motors' CEO Dan Akerson spoke highly of the Obama administration's deal with 13 major automakers to nearly double fuel economy standards to 54.4 mpg by 2025, saying it would ...
Federal government to buy electrics and smaller cars
The US administration will only buy vehicles using alternative energy sources to equip its fleet by the end of 2015, President Barack Obama announced Tuesday. In tandem with the president’s memorandum, ...

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