GM Sells Ally Shares
23 Mar 2011, 08:37 UTC · By: Daniel Patrascu / The efforts made by American automotive giant GM to get to a point when it can continue operating with low or no debt are intensifying in the US, after the car maker announced today the beginning of...
Ally Financial Tops 2010 US New Vehicle Financing
5 Feb 2011, 19:23 UTC · By: Andrei Tutu / Ally Financial has managed to claim the No. One spot in the top of companies financing consumer new vehicle acquisitions in the US in 2010, as revealed by the recently-released AutoCount data by Exp...
Ally Financial Appoints Barbara Yastine Chief Administrative Officer
12 May 2010, 09:26 UTC · By: Daniel Patrascu / Ally Financial, formerly GMAC, announced today the appointment of Barbara Yastine to the position of chief administrative officer. Yastine will assume the position from Samuel Ramsey, chief risk off...
Unprofitable GMAC is Dead, Long Live Profitable Ally Financial
4 May 2010, 09:22 UTC · By: Daniel Patrascu / It's been two years or so since GMAC's financial statement didn't show any profit. Now it does, but it is too late for GMAC. The financial institution posted net income of $162 millio...