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Ally Financial Reports Preliminary Fourth Quarter and Full Year 2011 Financial Results

NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Ally Financial Inc. (Ally) today reported a net loss of $250 million for the fourth quarter of 2011, compared to a net loss of $210 million in the prior quarter and ...

SsangYong Motor UK Selects GMAC UK as Preferred Finance Provider - MarketWatch (press release)

SsangYong Motor UK Selects GMAC UK as Preferred Finance Provider MarketWatch (press release) "This new affiliation with SsangYong represents another step in GMAC expanding its customer base and further leverages our core competency in auto financing." GMAC and SsangYong Motor have entered into a multi-year agreement to finance wholesale and ... and more »

Ally Financial Reports Preliminary Fourth Quarter and Full Year 2011 Financial ... - MarketWatch (press release)

Ally Financial Reports Preliminary Fourth Quarter and Full Year 2011 Financial ... MarketWatch (press release) GMAC-SAIC, Ally's joint venture in China, selected as official preferred financing provider for Baojun. Selected as preferred financing provider in the UK for Korean car maker, SsangYong. Expanded Ally Buyer's Choice, a unique consumer financing ... and more »

SsangYong selects GMAC UK as car finance provider - Contract hire and leasing news (press release) (blog)

SsangYong selects GMAC UK as car finance provider Contract hire and leasing news (press release) (blog) “This new affiliation with SsangYong represents another step in GMAC expanding its customer base and further leverages our core competency in auto financing.” The first new finance deal announced by SsangYong co-insides with the launch of the Korando's ...

Bank moves to seize Saabs at port - Pacific Coast Business Times

Bank moves to seize Saabs at port Pacific Coast Business Times The bank claims the cars are collateral for $61 million in financing on which Saab defaulted. Ally sought control over the vehicles in a lawsuit filed in Ventura County Superior Court on Dec. 27, marking the latest in a series of blows for Saab. and more »

2012 – The Year Of Living Dangerously - The Market Oracle

The Market Oracle

2012 – The Year Of Living Dangerously The Market Oracle Car dealers are offering 0% financing with nothing down for 60 months. The GMAC/Ditech/Ally Bank zombie lives as subprime auto loans are back. The “strong” auto sales are a debt financed illusion. Ashley Furniture is offering 0% financing for 50 months ...